Always Nice When Democrat Press Releases Are Reported As News

Insurance Rates have gone up as much as 45% sine the passage of Obamacare. The only way New Jersey small business would save would be to drop all insurance and have all employees forced to pay the Obamacare penalty tax. The force the employees into the government's single payer plan...which was the ultimate goal of the Democrats and Obamacare in the not to distant future. This is the single payer plan the "progressive" socialists tried to implement.

The real way to reduce health care costs within the state, and all states, is to open the market to national competition with less restricted form of requirements forced upon the people of New Jersey. There only four companies offering health insurance and they only offer the most comprehensive coverage. This has been a long standing sweetheart requirement for health insurance in the state. It is extremely expensive and unreasonable. It became even more expensive after the expansive requirements stated in the act and anticipated under Obamacare.

We once were able to "self insure" where we paid for regular medical care ourselves, without interference of insurers, primary care approvals and petty bureaucrats. Then our catastrophic care was covered by our medical insurers. That worked well, did not break us and gave us good medical care. It was taken away by statute in the state and were were forced to purchase full coverage as a small business at over three, then four time the premium. The state-insurance commission made reasonable health insurance impossible to the disadvantage of the individual and small business. The insurers within the state became an oligarchy with high fixed premiums and automatic annual rate increases.

This is bogus "news."

Daily News

Monday, January 10, 2011

Report: Repeal of health care act will burden businesses

By Martin C. Daks

Small businesses in New Jersey would be socked with higher insurance premiums, and could see costly coverage denials and price discrimination, if the 2010 federal Patient Protection and Affordable Care Act is repealed.

That’s the conclusion of a report released Monday by the New Jersey Public Interest Research Group, a Trenton-based nonprofit.

House Republicans have called for eliminating the bill — which mandates wider health care coverage — and a federal judge in Virginia recently ruled a component of the Affordable Care Act requiring individuals to purchase health insurance was unconstitutional.

A House vote to repeal the health care reform law, which had been scheduled for Wednesday, was reportedly delayed by House Speaker John Boehner following the Arizona shooting that killed six people and left U.S. Rep. Gabrielle Giffords with critical injuries.

A repeal would strip tax credits from 163,500 New Jersey small businesses, while eliminating state-level health insurance marketplaces — called exchanges — leading to premium jumps of up to 20 percent, according to the report.

The Congressional Budget Office also weighed in, issuing a letter Jan. 6 that warned a repeal “would probably increase federal budget deficits over the 2012-2019 period by a total of roughly $145 billion.”

But organizations like the National Federation of Small Business and the Tax Foundation opposed most provisions of the health care act, arguing it will burden businesses with higher costs.

E-mail Martin C. Daks at mdaks@njbiz.com