Thursday, January 14, 2010

Healthcare Reform Benefit

One of the greatest benefits that a true healthcare reform act can have is to prevent "job lock". This happens when employees fear leaving their employer to begin their own businesses because the employee fears losing health care.

But the opportunity cost of sticking around a larger company for the coverage can be steep. Job lock costs U.S. workers an estimated $3.7 billion every year in foregone wages, according to a 2009 report from the White House Council of Economic Advisers.


Imagine if we had true universal healthcare. The entrepreneurs in our society would have the freedom to pursue their dreams and reinvigorate business with new companies and ideas because they would not have to fear losing their healthcare.