Starbucks CEO Says ‘NO’ to Obamacare

23 Mar

Champion of Late-Afternoon American Productivity

What happens when prominent Obamacare supporting businessmen start to realize how devestating the massive overhaul is to their bottom line? Here is what Starbucks CEO Howard Schultz had to say:

We have faced double-digit increases [in healthcare costs] for almost five consecutive years with no end in sight. So, when I was invited to the White House prior to health care being reformed, I was very supportive of the president’s plan, primarily because I felt it was literally a fracturing of humanity for almost 50 million Americans not to have health insurance. There’s no plan that would be a perfect plan, but the intent of the bill and the heartfelt commitment to insure the uninsured is the right approach. I think as the bill is currently written and if it was going to land in 2014 under the current guidelines, the pressure on small businesses, because of the mandate, is too great.

I must say, as a man who has faith in God and humanity, I respect his broad minded view when it comes to providing affordable healthcare for all Americans. But just like a college kid who steps out of the ivory tower confines for the first time, socially conscious businessmen are starting to realize how counter-intuitive Obamacare is. In an article by Politico, the author writes that Starbucks now spends more on healthcare than coffee. How can we let that happen? Healthcare, overhead, and taxes are certainly a cost of doing business. No Tea Party Patriot would deny that… but what the always-intervening left does not understand is that businesses will be forced to downsize or go out of business as these costs rise. When an ancillary cost of doing business (i.e. healthcare) trumps the cost of goods (i.e. coffee), we’re going to be in a lot of trouble.

What proponents of Obamacare fail to see are the freedom of choice implications. Businesses require a certain amount of freedom and latitude in making business decisions in order to respond to market driven forces. No one doubts that the healthcare system is flawed. Rising costs, dropped coverage, and children without access to affordable physicians is a great burden on society (and will certainly affect both short and long-term productivity). But what our counterparts do not understand is that big businesses and taxes paid by the wealthier segment of our country have created a system where the greatest numbers of people are provided for. Of course there are serious concerns with medicaid, medicare, and other entitlements for the poor, the elderly and illegal immigrants. But by jamming the overreaching Federal wrench into a top-notch healthcare system (for an overwhelming majority of Americans), liberals do not see that their idealism might cause our current system (yes, we understand it is imperfect) to crumble.

A piecemeal approach should have been the way to go. Healthcare is so intertwined with businesses, growth, and employment that the passage of Obamacare has made long-term forecasting trickier. By implementing such a law, not only do we threaten one of the greatest healthcare systems in the world, we stifle prospects of job creation as well. It is comforting to know that socially-conscious and sometimes left-leaning CEOs are finally voicing their opinion on the realities of Obamacare. It’s time we start listening to the creative business minds to figure out a realistic solution that can benefit as many American citizens and legal residents as possible.


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