The Current Status of Healthcare Reform

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Healthcare Reform: A Business Owner's Perspective

This week Terry Frett, of Frett Barrington Limited, was on the show to discuss the current status of healthcare reform from a business owner's perspective.

We have seen the completion of the House of Representative’s work on a formal bill that has now passed out of the House. This most recent development in healthcare has a big impact on small businesses in Wisconsin. Terry discusses important themes including employer mandate, individual mandate, new taxes, and health insurance reforms.

Why is healthcare reform such a hot issue right now? Well, fewer and fewer Americans have health insurance, and therefore cannot afford good medical care. Nearly 46 million Americans have no insurance, and 25 million more are underinsured. One major reason for this crisis is that many employers have stopped offering insurance to employees because of the high cost. In the United States, total health care spending was $2.4 trillion in 2007 -- or $7,900 per person -- according to an analysis published in the journal Health Affairs. The United States spends 52 percent more per person than the next most costly nation, Norway, according to the Kaiser Family Foundation. There's little debate that health care reform is necessary -- President Obama, Republican and Democratic members of Congress, the American Medical Association and America's Health Insurance Plans, which represents the insurance industry, all have agreed the system needs to be changed, although they disagree on how to do it.

What Makes a Successful Entrepreneur?

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What Makes a Successful Entrepreneur?

The minds of those who have the ability to turn their ideas into a profitable business are exceptionally different than those that haven't taken that leap. True, there are environmental factors in play, but these exceptional people take a risk that most of us wouldn't dream of: taking the imaginary and turing it into reality.

Barry White, our resident legal expert, is in the studio today for Diane, who is away on business. He brings one of his favorite successful entrepreneurs, Dean Morfey, who owns an orthotic and prosthetics company called Morfey's Limbs and Braces.

Join us as Dean shares his personal journey from a boating accident to a successful orthotics business. It will be one that inspires and intrigues you to explore the small business arena and contemplate the possiblity of entrepreneurship for yourself!