Harms small business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
A public plan would be unfairly matched against private plans and according to a 2009 Lewin Group Study, if the public plan’s reimbursement rates are similar to Medicare, an estimated 119 million people will shift from private insurance to the public plan. Within years, private insurers could be driven out of business and a “Single Payer System” will evolve. Moreover, an improperly constructed employer mandate could have a devastating impact on main street businesses that would be saddled with a significant economic burden.
[L]egal costs alone of defending against class actions will impact disproportionately on small enterprises which rarely have the resources to employ the staff counsel uniformly found among larger companies.
This bill will make it difficult for the poor baker to continue to exist, thereby making it easier for the large baker to combine with his larger brother and increase the price of bread or lower the size of the loaf, why, that is a very strong point in opposition to this bill, because the very people you are going to aid—the poor have got to be taken into consideration.
The costs of this action would be enormous and obviously could have a disastrous impact upon many small businesses struggling to survive.
