You are aiming solely at the large corporations. Small businesses, whose CEO's (owners of closley held corps and LLC's,) don't use private jets to vacation, they employ half of the private sector employees in the US. They provide 44% of the of the total US payroll and represent over 99% of all employer firms in the us. Yes, it is easy to rail against the big guys. You seem to entirely miss the little guys.
As someone who actually is an economist by training and education, and as someone who actually tears apart the financials of 175 small businesses on an annual basis, I can tell you, this is going to hurt.
I also purchased, for my bank, a number of fractional loan participations of $2 million each, in 10 large privately and publicly owned businesses, with revenues in the billions. All of their annual statements had discussions on what the effect will be on their bottom line from this health care reform. It is going to hurt.
Do I think pre existing conditions should be covered? Yes.
Do I think that this health care plan is as good as it could be? No. I think they went overboard on this legislation, and the majority of the population of the US also believes the same.
Really happy for you, if you consider this a win. It is going to slow down any recovery considerably.
Edited by Dogfish (06/28/12 11:44 AM)
Edit Reason: spelling
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