What will the next president do about health care?

It’s still 13 months away, and yet the presidential race is dominating the news. Of course, the primaries are a lot closer…

One of the biggest issues you’re going to hear about this political season is health care, and I just came across some collected information at The Huffington Post about the various candidates, which compares their positions on health care.

Unfortunately, the areas on workforce-related health care issues aren’t competed, so you may have to keep an eye on the individual candidates. Helpfully, the post linked above has links to the campaign websites for each of the candidates, some directly to their position statements about healthcare.

Now, why is this such a big issue? And why does it matter to your executive career – in your current position and any future one? Well, regardless of your political affiliation, the candidates within each party all have different views from their competitors. And all of their plans will have different effects on your pocketbook.

It’s a slippery slope. Health benefits are one of the biggest employee expenditures, outside of payroll and payroll taxes. So whatever happens will affect your company’s bottom line, which affects the health benefit they offer their employees, which then affects the deductible you elect, with affects how much you’ll spend, and as your family grows and you get older…

You see where this is going.

Long story short: There are bigger issues than health care in the world today, ones perhaps more deserving of attention when deciding for whom you should vote. But health care is the one that will hit home hardest for everyone in America. So maybe, just maybe, it’s worth a closer look come election time.

 

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