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Why Do Businesses Really Fear Health Care Reform?

By Sanford | October 27, 2009

Why do businesses really fear health care reform? Among the reasons are its cost, government control, regulation and deficit, and satisfaction with the status quo. Those may be valid reasons, but they cover up a key underlying reason, which is it represents change. I find this ironic. All businesses came into being to fill a need or solve a problem, or said another way create a change in the status quo. Entrepreneurs are change agents. Yet when businesses have always faced with change such as safety regulations, ADA compliance, the family leave act, they have fought it fearing losses in profits, productivity, and more regulation. The ceiling didn’t fall after their enactment. In fact, there might not have been a need for the legislation if businesses recognized those needs as part of their self-interest. In today’s wired in world, the marketplace is changing at an exponentially more rapid pace. Businesses must change, adapt, and even lead if they are going to stay competitive. Health care as we have it today is broken and a major reason why our products aren’t as competitive as their foreign counterparts. Is business experiencing the Pavlovian fear response to change? Change is inevitable. Early 20th century thinking and solutions will not be useful in the 21st century. It is time to change and lead.

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