manqo
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Faced With Soaring Costs of Private Insurance, Poll Shows 58% of Small Business Owners Support Medicare for All
"Medicare for All is the only solution to our healthcare cost crisis that will offer relief to workers and small businesses alike."
A survey released this week by the Commonwealth Fund found that, faced with soaring costs under the for-profit status quo, 58 percent of U.S. small business owners support replacing America's dysfunctional healthcare system with Medicare for All.
Progressives celebrated the finding as evidence that a key argument in favor of Medicare for All—that the plan would reduce costs for small employers as well as millions of workers—is resonating.
As the Commonwealth Fund pointed out in an overview of its survey, small businesses lack the advantages of large corporations when it comes to negotiating with the private insurance industry. "Small-business owners are often left with little recourse and few options when a health insurance carrier hikes costs," the organization noted.
According to the new poll, 61 percent of small business owners believe the pharmaceutical industry is "very responsible" for soaring healthcare costs, and 60 percent feel the same about the insurance industry.
The Business for Medicare for All coalition said on Twitter that the Commonwealth survey "confirms what we already know: Medicare for All is the only solution to our healthcare cost crisis that will offer relief to workers and small businesses alike."
Source: https://www.commondreams.org/news/2...e-poll-shows-58-small-business-owners-support
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If Donald Trump's China Trade War Escalates, the U.S. Could Lose Almost 800,000 Jobs and Plunge Into a Deep Recession: Economists
Economists at Moody's Analytics estimate in a report that further escalation of President Donald Trump's trade war with China could cost the American economy hundreds of thousands of jobs and plunge it into a deep recession.
Moody's says there is a 35 percent probability that the trade war will escalate. It modeled the potential impacts of an escalating trade conflict between the U.S. and China, which has seen tariffs imposed on much of the $540 billion in Chinese goods imports.
"Given the high-stakes game of chicken, it is not difficult to imagine a darker scenario in which tariffs on all U.S.-China trade rise further and additional nontariff barriers are imposed," the Moody's report says.
"In this scenario, we assume that tariffs on all U.S.-China trade rise to 30 percent and that a series of nontariff barriers take effect.
"These include Chinese bans on U.S. technology exports, voluntary boycotts of U.S. brands, revoked market licenses for U.S. firms, a sharp devaluation of the yuan, and a threat to sell China's vast holdings of U.S. Treasuries."
Source & references: https://www.newsweek.com/trump-trade-war-escalates-jobs-deep-recession-moodys-1458706
"Medicare for All is the only solution to our healthcare cost crisis that will offer relief to workers and small businesses alike."
A survey released this week by the Commonwealth Fund found that, faced with soaring costs under the for-profit status quo, 58 percent of U.S. small business owners support replacing America's dysfunctional healthcare system with Medicare for All.
Progressives celebrated the finding as evidence that a key argument in favor of Medicare for All—that the plan would reduce costs for small employers as well as millions of workers—is resonating.
As the Commonwealth Fund pointed out in an overview of its survey, small businesses lack the advantages of large corporations when it comes to negotiating with the private insurance industry. "Small-business owners are often left with little recourse and few options when a health insurance carrier hikes costs," the organization noted.
According to the new poll, 61 percent of small business owners believe the pharmaceutical industry is "very responsible" for soaring healthcare costs, and 60 percent feel the same about the insurance industry.
The Business for Medicare for All coalition said on Twitter that the Commonwealth survey "confirms what we already know: Medicare for All is the only solution to our healthcare cost crisis that will offer relief to workers and small businesses alike."
Source: https://www.commondreams.org/news/2...e-poll-shows-58-small-business-owners-support
_____________________________________________________
If Donald Trump's China Trade War Escalates, the U.S. Could Lose Almost 800,000 Jobs and Plunge Into a Deep Recession: Economists
Economists at Moody's Analytics estimate in a report that further escalation of President Donald Trump's trade war with China could cost the American economy hundreds of thousands of jobs and plunge it into a deep recession.
Moody's says there is a 35 percent probability that the trade war will escalate. It modeled the potential impacts of an escalating trade conflict between the U.S. and China, which has seen tariffs imposed on much of the $540 billion in Chinese goods imports.
"Given the high-stakes game of chicken, it is not difficult to imagine a darker scenario in which tariffs on all U.S.-China trade rise further and additional nontariff barriers are imposed," the Moody's report says.
"In this scenario, we assume that tariffs on all U.S.-China trade rise to 30 percent and that a series of nontariff barriers take effect.
"These include Chinese bans on U.S. technology exports, voluntary boycotts of U.S. brands, revoked market licenses for U.S. firms, a sharp devaluation of the yuan, and a threat to sell China's vast holdings of U.S. Treasuries."
Source & references: https://www.newsweek.com/trump-trade-war-escalates-jobs-deep-recession-moodys-1458706
