Costs will rise
Cry Wolf Quotes
Medicare would be strictly a tax program, forcing wage earners to pay a substantial in their payroll taxes to finance hospitalization for everyone over 65, including those who are wealthy and millions of others who are already protected with hospital insurance.
The cost potential is very, very significant, in the billions of dollars on Pennsylvania employers….The small businessman, the farmer, is going to have to live with a more severe standard...the cost to them is going to be very phenomenal.
The bill would, for instance, prohibit card companies from changing the rates they charge ‘at any time, for any reason.’ Translation: instead of a borrower’s interest rate varying up and down, it will just stay up. Or fees will rise, to offset issuers’ loss of pricing flexibility.
These changes will generate expenses that will ultimately be passed on to patients.
Evidence
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Regulations at Work: Five Rules that Save Workers’ Lives and Protect their Health
This paper looks at five worker-safety regulations that were tremendously successful in reducing employee injuries, illnesses and fatalities.
