| | INSTAPUNDIT:
ANOTHER OBAMACARE LOOPHOLE: A former insurance executive has sounded the alarm about how small businesses are likely to avoid the expensive burdens of Obamacare: self-insurance. This is when an employer offers a policy to employees, administered by a traditional insurance company, but the employer bears the risk of loss (costs exceeding premiums) itself. And the kicker is that self-insured plans generally buy “reinsurance” (aka, “stop loss” insurance) that kicks in when losses exceed a certain level.
Most large employers are presently self-insured (to get out from under expensive state health insurance mandates), but until recently, self-insurance was relatively rare for small employers because of the inherent risk involved.
Ah, sweet loopholes!
TIGERHAWK: In which I explain why “you didn’t build that” so offended business people.
The very argument is disingenuous. Neither mainstream Republicans nor the Tea Party activists who drove the 2010 election are against public roads, public education, police departments, firefighters (Warren) or, even, technology spin-offs from necessary spending on national defense (Obama, re the Internet). There has been a broad national consensus around each of these for between 100 and 200 years (I am sure we all remember that Eli Whitney’s invention of interchangeable parts was in the context of defense spending). To suggest otherwise is to erect and demolish a straw man — an argument your adversary never made — the last and worst tactic of a lawyer with a losing case. As any good law professor knows…
Heck, forget good law professors. Even Obama and Elizabeth Warren know it. Plus this:
Beyond the roads, cops, honest courts, and firefighters, government is an obstacle to entrepreneurs, not the helpful partner that Warren and Obama imply. Liberals, and especially President Obama, think that “business” is best represented by the Fortune 100 and its “chieftains”. Most people who “built that” know otherwise, that government serves to entrench huge bureaucratic businesses at the expense of the upstarts that actually create new jobs. First, there are now so many regulations associated with being a “government contractor” that few small businesses can feast at the taxpayer’s trough even if they had the political stroke to get the contract in the first place. Second, the ever larger pile of federal, state, and local regulation favors the large over the small, the mature business over the growing.
Indeed. And this:
Of course, the most frustrating aspect of all of this to business people is that these points seem so obvious as to be self-evident, so when the chattering classes do not recognize them as such we distrust their motives and assume they are all a bunch of cynical parlor pinks. Increasingly, though, I believe that there are a great many people, especially in the educated elites, who are profoundly disconnected with the reality of commerce, and actually have very little idea how small and growing businesses struggle to create the wealth that we all need to support our prosperity. That is to America’s great misfortune.
It certainly is.
RULES OF ENGAGEMENT: U.S. Soldiers Urged Not to Shoot Taliban at Night so Locals Can Sleep.
DON’T NEED A WEATHERMAN:
? Gallup quietly pronounces DOOM on Democratic hopes of retaking the House.
? Post-Debate Polls Show Senate Back in Play.
STILL WAITING FOR THE LEFT’S ERA OF NEW CIVILITY TO ARRIVE: Multiple Twitter Users Threaten to Assassinate Mitt Romney: ‘Shoot Him Dead.’
How racist the left has become. |
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