
For many of these companies, the steeper increases couldn’t come at a worse time, when the economy is weakening and credit is harder to come by.
“We can’t pass these costs on to our customers; the market just won’t bear it,” said Daniel Lance, who owns E.CAB, a St. Petersburg, Fla., firm that produces finishes and fixtures for elevator-cab interiors.
After no increase last year, E.CAB’s premiums jumped 75% to about $6,800 a month when its annual Blue Cross Blue Shield of Florida policy came up for renewal this month. Much of the jump was triggered by the hiring of a few older workers by the 25-employee firm, pushing it into a higher-cost actuarial bracket. E.CAB couldn’t get a better price from rival insurers.
Rather than pass the cost on to his employees, who aren’t required to contribute premiums for themselves though they do for family members, Mr. Lance said he’s forgoing new wood-cutting equipment he had planned to purchase. “I just felt it was a bad time [to pass on costs],” he said. “The employees are having a tough enough time, too.”
SOURCE:WSJ
And Obama wants to force small companies to provide healthcare for all employees. This will put many of these ma and pa small companies out of business. He will also force all Americans to buy insurance. This plan of Obama’s will not help us the American people or the small companies. What people don’t understand is that the insurance companies own this country now! Many of the hospitals are owned by the insurance companies and doctors who have big shares in the testing equipment. The more people the doctors run thu this test equipment the more their shares are worth so they’re sending as many for testing as they can get by with where the test is needed or not. The hospital, doctors and the healthcare system is as corrupt as Wall Street and the big auto companies. When it cost $20.00 for a single band-aid on a finger then something is corrupt!
Senator Whistleblower
“The Infinite Mind” was presented as an impartial and unbiased program about mental health and garnered over one million listeners. It is currently not known just how much money Dr. Goodwin received, but it is at least $1.3 million. The total money given and just what favors Dr. Goodwin did for big pharmaceutical companies is hoped to be discovered in an ongoing investigation.
Iowa Republican Senator Charles E. Grassley begs to disagree. He is currently investigating medical doctors and researchers who make their drug recommendations based on contributions from individual drug companies. Senator Grassley has uncovered many doctors paid by pharmaceutical companies, but Dr. Goodwin is the most famous one uncovered so far.
Dr. Goodwin originally denied receiving money from drug companies to Senator Grassley, but has since recanted.
Compromise Of Interest
Doctors are charged to make unbiased decisions when pairing the best medicines to patients. Being paid by drug companies to use their drugs is not only a conflict of interest, but seriously jeopardizes the public health.
SOURCE: NPR Health Host Secretly Paid By Drug Companies