How the Health Law Is Bad for Veterans — and the Economy
This morning the Wall Street Journal runs a story featuring comments by the influential Chairman of the New York Fed, William Dudley. When asked in a speech yesterday about how the health care law will affect the economy, he said the law will cause “uncertainty” which will cause “people to be more cautious in terms of their behavior” – meaning businesses may not hire new workers due to the prospect of more than $500 billion in tax increases and mountains of new federal health care regulations.
Separately, the Daily Caller has an op-ed outlining how the law harms the troops – from the tax on medical devices to the lack of an SGR fix (TriCare utilizes Medicare reimbursement rates for most services, meaning veterans will also be harmed by the 30% physician pay cut coming at the end of the year) to the doctor shortages caused by the addition of 30 million newly insured Americans.
At a time when unemployment remains near record-high levels, passing a law that causes businesses not to hire undermines the prospects for future growth (even if the President believes his economic team is doing a “heckuva job.”) Similarly, when our nation remains at war, passing a law that will adversely impact troops and veterans returning home from battle sends the wrong message to America’s soldiers.