PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

SBE Council’s Kerrigan: Under “Medicare for All” Say Goodbye to 3.2% GDP Growth – any Growth – and Small Business Optimism

By at 30 April, 2019, 10:14 am

NEWS

FOR IMMEDIATE RELEASE

Washington, D.C. – Today, the House Rules Committee is hosting a hearing on the “Medicare for All Act of 2019,” a step that shows U.S. House Democrats and the bill’s 100 cosponsors are serious about moving legislation that would abolish private health coverage for 180 million Americans, add an eye-popping $32 trillion to federal expenditures, eliminate 11.6 million jobs, and impose massive tax increases on small businesses and American workers. Small Business & Entrepreneurship Council president & CEO Karen Kerrigan asked, “What’s not there to like?”

Kerrigan added:

“Continuous improvement in our health care system is needed, but destroying rather than improving coverage and access is an insane policy approach. ‘Medicare for All’ will topple our economy and ration health care, period.  There is solid momentum in the U.S. economy, and irrational legislation like the ‘Medicare for All Act’ will kill growth. Everyone gets everything for free. How realistic is that?”

See Kerrigan’s SMALL BUSINESS INSIDER blog post, Reality Check: The Delusion and Costs of Single-Payer Health Care

“Excessive government regulation and intrusion are driving costs higher and limiting access. Obamacare made matters worse, especially for small businesses, their workers, and the self-employed. There are common-sense policy solutions that would unwrap the damage of misguided government regulation and improve access, competition, quality and costs. Some of those have been advanced, or are in the works. The U.S. does not have to repeat the expensive and failed socialized-medicine experiments of other nations. We can build upon what is working and encourage the innovative approaches that are emerging. ‘Medicare for All’ is not a serious or humane policy strategy,” concluded Kerrigan.

To view SBE Council’s health care reform solutions in its 2019 Policy Agenda for Entrepreneurs and Small Business please visit here.

CONTACT: Karen Kerrigan, kkerrigan@sbecouncil.org

SBE Council is nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For 25 years, SBE Council has worked on and advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth. Visit www.sbecouncil.org for additional information. Twitter: @SBECouncil

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