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Tuesday, November 25, 2008  

Obama's healthcare reform looking really, really expensive.

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According to the The Wall Street Journal president elect Barack Obama's healthcare reform looks to be financially off the charts. Take a look at what the Baucus plan will do to health insurance for small business owners.

Small business owners would have to create a health care plan that will "address certain government standards or pay a percentage of company payroll (perhaps 6% or 7%) to the government so that it can provide coverage for the employees."

That's quite a hefty tax burden to place on the average small business owner. And that's only the begining. We're talking about an extra $200 to $300 billion dollars to what we already spend which is $2.3 trillion.

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