The continuing health care nightmare

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This is an opinion item.

Author(s) J. C. Watts
Source Las Vegas Review-Journal
Date August 22, 2010
Quotes-start.png "Other write downs have occurred, and a major reason involves the new tax treatment of prescription drug benefits for retirees. Companies that currently deduct part of their costs for providing these benefits to retirees will no longer be able to do so. Roland McDevitt, director of health research at Towers Watson, estimates that just this tax change alone eliminates $14 billion in U.S. corporate profits. At a time when the national jobless rate hovers at almost 10 percent, this wholesale destruction of wealth and capital is a national tragedy toward unemployment." Quotes-end.png

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This item argues for the position Act should not have been passed on the topic Patient Protection and Affordable Care Act.