How Many Will Lose Their Jobs Because Of Health Care Reform?

Posted by Jason | Posted in Health Care | Posted on 20-03-2010

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Caterpillar has come out and said that the health care bill will cost the company $100 million in the first year. Where is the money coming from? It appears Democrats think this is magic money that will be paid without consequence because they deemed it to be paid in their bill. Well, Caterpillar sure isn’t going to just suck it up and hand over $100 million. Guess who will do that? The workers who lose their jobs will be coughing it up. How many jobs is $100 million? Let’s just say the average employee costs the company $65,000 with benefits. That’s a possible 1500 jobs. Oh but don’t worry! Those people can get unemployment and government health insurance. But who’s going to pay for that?

Caterpillar Inc. said the health-care overhaul legislation being considered by the House would increase the company’s health-care costs by more than $100 million in the first year alone.

In a letter Thursday to House Speaker Nancy Pelosi (D., Calif.) and House Republican Leader John Boehner of Ohio, Caterpillar urged lawmakers to vote against the plan “because of the substantial cost burdens it would place on our shareholders, employees and …

via Caterpillar Says Health Bill Would Cost Company $100 Million More – WSJ.com.

While I doubt the scenario above will play out like that, you get the point. Instead, I don’t think Catepillar would give up 1500 employees for the idiotic edicts of the government. Instead, they would probably shift the jobs overseas.

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[...] bye recovery. This is definitely going to cost jobs and economic growth. The money that would have been invested else where will now be forced into [...]

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