On the recordJuly 15, 2003
So much of the debate has been about ensuring that seniors have access to health care, and that is important, that they have access to affordable health care. But what has been lost in the debate... is that small businesses and others are struggling with the cost of health care. When a small business is expected to pay these kinds of prices that are double or triple what would be paid in Canada... the health care cost for a small business in Canada that is paying $33 for a prescription and a company in Michigan that is paying $100 for that exact same prescription... naturally, the insurance costs are going to be higher for that company in the U.S. than what they are in Canada. In the manufacturing sector today, companies are competing on the basis of pennies. If I can make this widget for a few cents less in Canada or in Europe versus the U.S., guess what, I am moving. That is how competitive the market is. Markets work. Sources of supply shift. And so, in effect, not only are we subsidizing the health care costs in Canada and in Europe for the seniors, our businesses and our workers carry this additional burden of increased health care costs.
Source
govinfo.gov




