http://www.bloomberg.com/apps/news?pid=20601109&sid=aSjM45t8G5_0
Which part has to do with cost? The part that says every American hass to have it or face a penalty. In these economic times, is that really the right thing to be so worried about? Placing another burden on an already over strapped taxpayer.
President Barack Obama’s $1 trillion health-care overhaul won’t buy corporate America relief from medical costs that more than doubled in the last decade, chief executive officers of more than a dozen U.S. companies said.
Private companies, providers of benefits to 132 million Americans, will see little savings from legislation under debate in Congress, CEOs at United Parcel Service Inc., Safeway Inc. and Verizon Communications Inc. said in interviews over the past two weeks. The measures are more likely to add expenses, through taxes and fees on employers who don’t offer affordable coverage, said Ellen Kullman, chief of Wilmington, Delaware-based DuPont Co., the world’s third-largest chemical maker.
“They’re disasters,” said John Riccitiello, CEO of Electronic Arts Inc., of Redwood City, California, the second- largest video-game maker with 8,000 employees. “What part of either the House or Senate bill is going to do anything with cost? I don’t see anything.”
