How the Baucus Bill Kills Jobs

Robert Book /

Proponents of the health care reform bills currently under consideration in Congress claim that the cost of insuring the uninsured will be paid for by taxes on the rich, and by employers, who will be required to shoulder “responsibility” for their employee’s health insurance. The reality is that these provisions will act as an extremely regressive tax on the working poor, substantially reducing their take-home pay and in some cases eliminating their jobs altogether.

All the House and Senate drafts of health care reform include so-called “employer mandates” or “pay or play” provisions. The details vary somewhat, but all require employers to either “play” by providing health insurance for their employees or pay part of the premium or “pay” a special tax for not providing insurance, even if the employee declines it.

However, (more…)