Consider the unintended consequences
March 21, 2012
Thank you Progressive Labour Party. As a small-business owner, like many Bermudians, my health insurance is a major cost concern. Almost immediately after the PLP secured their ban against upfront payments, I received e-mail notification from my insurance provider that “substantial increases to your programme” are to be expected. Coincidence?
The costs to set up new electronic systems by August 1, maintain and operate them in real-time to provide the health providers with confidence that they will receive payment in a timely manner will be significant. Neither the health providers nor the insurance companies are going to lose any money as a result of this new PLP legislation and those increased costs will be passed onto policy holders. So thank you PLP, you have just made the cost of employing people more expensive to those of us who have been struggling to stay in business and keep Bermudian’s employed.
When will the PLP ever stop their knee jerk flip-flopping electioneering policymaking and first consider all of the unintended consequences of their ill conceived ideas?
TIME TO GIVE UP?
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