How Big IS Our US Corporate Tax Burden

[AmpedNow]

I can agree with:

Catastrophic coverage. This was probably the single biggest problem with the recent health care system... The vast majority of Americans would likely agree that people shouldn't be at risk of losing everything they've ever worked for or have their credit ruined just because they happened to get sick. Fix this single issue, and the cries for "health care reform" would dramatically drop.

Contract parsing. This would be a close runner up. What's worse than paying for coverage for years and then have your insurance company drop you because you unfortunately develop a disease or condition that's "not covered in the fine print". Those cases are nothing short of theft, IMO, because the insurance companies know full well that long term customers expect them to actually be there if they get sick. But if they drop them and refuse to give them back any of the money they paid in over the years for pretty much nothing, then the only ones who benefit are the shareholders.

Preexisting conditions is an issue, because if private insurers won't cover someone, it usually falls back on the taxpayers anyway.

But I don't see the point in lumping all of us into the same plan... There are plenty of people who are well covered and don't need universal coverage. The problem is with the people who have inadequate coverage.

I'm also concerned about throwing all of this additional debt onto an already feeble economy. Why should we pay for people who already have good coverage?

With that said, I blame the private insurance industry and the previous administration for allowing this problem to get so far out of control. Obamacare is the end result of ignoring it for so long.

Had private insurers been willing to create a coverage pool in the private sector, or GWB been willing to chip away at this problem in layers (beginning with catastrophic coverage), then the Obamacare bill wouldn't have had the teeth it did, with the end result being a big government expansion.

This is the side of the story that is not being reported.