Repealing ERISA

Tony Kessler

The lead editorial in today's Wall Street Journal makes the argument that if the Obama administration's current health care plan goes through, it would be the beginning of the end of most ERISA employer insurance offerings. According to the WSJ, the House bill says that after a five-year grace period, all ERISA insurance offerings will have to win government approval. The editorial suspects that many employers will sidestep that bureaucracy, throw in the towel (i.e., drop their insurance plans), and simply pay the 8% tax/fine (or whatever it winds up being) so that their EEs can be covered by the government's plan. The message for EEs: "If you like your health plan [now], you won't be able to keep it."

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In the last paragraph, the editorial calls the House bill "one of the worst pieces of legislation ever introduced in Congress." Agree or disagree? tk

Nevada HR

I don't know about THE worst piece of legislation...compared, for instance, to the stimulus package and cap and trade.

ACU Frank

I think the Wall Street Journal is also predicting the bill's passage will herald the era of mandatory leeching, phrenology, and laetrile, as well as the adoption of the designated hitter rule in the National League.

The Wall Street Journal continues to take whatever stand protects and projects the interests of its constituency, regardless of whether it makes sense or not. Its editorial philosophy is not to shape its readers' opinions, but to reflect them.

I guess that means I disagree.

NaeNae55

Frank, YOU disagree with the establishment? I am soooooo shocked! (shocked smiley face)

ACU Frank

I never thought siding with the White House would be regarded as disagreeing with the establishment. How far we have come!