Obamacare and entrepreneurs: What you should know; how to prepare

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  • Happy Valley Heretic Orem, UT
    Dec. 13, 2012 4:42 p.m.

    Utahns incomes can't keep up with insurance costs

    The average premium for employer-sponsored family health insurance rose 61 percent in Utah from 2003 to 2011, taking a bigger bite out of household incomes, according to a report from a nonprofit health care research group.

    But lets use the republican model of doing nothing and it will just magically get better like giving more money to the wealthy will create more jobs.

  • Hoopty6 OGDEN, UT
    Dec. 13, 2012 3:43 p.m.

    Hutterite is exactly right. People are afraid to leave or change their job mainly because of the insurance. People that are layed off no longer have coverage. Entrepreneurs often don't have coverage (preventing many would-be entrepreneurs from taking the plunge).

    This is all a sham and will not change until the process is divorced of anything to do with employment. Whoever thought of that to begin with? That makes about as much sense as saying that only people that own and live in their home can attend public school.

  • Hutterite American Fork, UT
    Dec. 12, 2012 5:54 p.m.

    What we need is a single payer system that removes any and all employers from the process entirely. Health care is for and about people, not companies large or small.

  • Tyler D Meridian, ID
    Dec. 12, 2012 10:34 a.m.

    Boise, ID
    “…Try paying for those with an increase in demand.”

    Think about it this way – if your costs go up by $0.10 per unit (due to the tax) and at the same time your revenue increases by $0.25 per unit (due to increase in demand), are you (company X) worse off by 10 cents or better off by 15 cents? And given the increase in demand due to 30M+ more people in the insurance pool, my example is probably conservative.

    Obamacare might be bad policy for a whole lot of reasons – my only point is that its potential for putting medical device companies out of business is not one of them. So my beef with this article is the implication that he (the CEO) is not satisfied with being 15 cents better off… he wants the whole 25 cents (the increase in demand without bearing the tax that helps pay for it). And given the fact that our politicians are bought and paid for by Corporate America, he’ll likely get his wish.

  • christoph Brigham City, UT
    Dec. 12, 2012 10:06 a.m.

    Dynatronic knew the first week of Nov. 2008 to get ready for change; the Mr. Obama began campaigning for health care reform in the spring of 2007. The stock market has doubled since March 2009 so this company has benefited from a growing economy. Companies comes and companies go, and that is why we needed the government when the recession began in December 2007. Mr. Bush was brilliant to enact TARP; Mr. Obama was as well to enact what he did.

  • IDC Boise, ID
    Dec. 12, 2012 9:55 a.m.

    Tyler D you sound like an economics student. Nothing wrong with that but I'm sure things feel differently to the company paying the taxes. If the companies are successful, Obama wants to strap on an additional 3.8% medicare tax along with a 3-4% increase in income taxes. Try paying for those with an increase in demand.

  • JWB Kaysville, UT
    Dec. 12, 2012 9:01 a.m.

    The President had this plan in his desire to be President but just as he doesn't have a budget for 4 years, this bill was passed before anyone read it. It should have gone through a process not the ramrod. The President had his window of opportunity and 7 months later, it was gone as the Tea-Party and just overall dissatisfied voters took the opportunity away from the engrained Obama 47 percent of the voters took hold.

    This President didn't want public comments and used the pressure on the elected officials in Congress, especially with his thumb pressure on the Democrats. Some of those fell in the next election because they didn't listen to the people in their Districts or States.

    AARP was a big pusher for the Obamacare as they are an insurance company that are wolves in sheeps' clothing. They make their money on insurance programs and Obama had them in his back pocket. Not all members of AARP concur or agree with the Obamacare plan but AARP used all it's members as saying that their total number wanted that plan as they represent their members.

    AARP may do 99 good things but this one was horrendous.

  • JayTee Sandy, UT
    Dec. 11, 2012 10:51 p.m.

    "Obamacare" is a hastily devised, poorly written, and very complex package of provisions that will be subject to interpretation, arbitration, discussion, and confusion for many years to come. This will be a good lesson for all the dreamers who still believe that government intervention actually improves a situation.

  • Tyler D Meridian, ID
    Dec. 11, 2012 9:44 p.m.

    The price any company can charge for its product is a function of both supply and demand. While supply is determined largely by cost, which this tax will raise, a relatively larger increase in demand can more than offset the cost increase. Obamacare, like Medicare before it, will stimulate a huge increase in demand.

    Also, since this tax will apply to all medical device companies, no one company will suffer a competitive disadvantage, and in fact that ones that continue to innovate will gain a competitive advantage.

    Given these facts, the conclusions drawn in this article appear dubious.