Mr Khan said:
thismeintiel said:
Kasz216 said:
Augen said:
I can only speak anecdotally, but my insurance went up 30% and my coverage became significantly worse to point it is pointless in 99% of scenarios. The main issue with healthcare here is it is so expensive so many people I know self medicate. Had seven stitches a few years back and it was $3000, $1700 after my old insurance paid $1300. How does that make any sense? Of course under new plan I would pay all of it so if I get cut I just get a scar now. It is easily the big thing we do far worse than so many other comparable countries. |
I had a similar expierence.
My healthcare premium went up over 300% with no added benefits.
That said, i ended up on medicaid. Not actually happy about it.
I'd rather pay for healthcare... but i'm not paying > 1 paycheck for it... and subsidies have a price floor... for whatever reason.
They may as well just go full out health coverage. Rather then making it so tons of people have to pay more, just so a very small few can get cheaper health insurance that's probably still below the level they need.
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Well, that seems to be the problem with a lot of the policies of this administration (other administrations, as well.) They say they are doing this or that for the poorest of citizens, but in the end it barely helps them, and instead hurts the middle class. Same goes for the large hike in minimum wage to ~$10 they want, as well. Sure, the minimum wage going up seems great for those just starting, or those poor people who make only a little above minimum wage. But, what happens is the cost of doing business goes up, so businesses have to raise prices on everything. Eventually, the poor people realize they are barely able to afford more than what they previously did. So, again, it hurts the middle class who are 100% not getting the same ~$3 raise the minimum wage folks got, so they can actually afford less.
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Businesses won't have to raise prices on everything. Compare McDonald's prices from the US to, say, Australia, where cost-of-living is about the same but minimum wage is higher. Actual prices don't go up that much.
The price rises will be minimal compared to the real money in people's pockets, especially poor people who actually spend their money rather than just shunt it into some hedge fund like the rich. The net effect would be quite beneficial, but for the bitching of businesses who only see the short-term shock to their bottom lien.
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people will loose jobs when min wage goes up. its just not cost effective to pay people 10 an hour for easy work that little training is needed for. After every min wage hike operators will switch to less labor intensive options, such as automation. which just cuts out the employee completely. I know at my pizza place after the next min wage increase it will be cheaper for us to doughball and portion by machine than by people, so we will be cutting hours of current workers. I know chilis has already done this on a massive scale too. So what good is raising the min wage? all it really does is hurt the people will the least skills as they are no longer worth employing. it means everyone i employ must be worth $10 an hour or they loose their job.
http://beta.fool.com/ultimatespinach/2013/05/10/what-restaurant-chain-will-be-next-to-deploy-the-k/34052/
Edit: I should add over time it will decrease compition among businesses as it will increase start up costs for business. It costs more intitially to get all the equiptment than to train employees, but if that is not cost effective than people will have to come up with more start up money, which is harder, so it will be done less and less compition will be there to bring prices down.
