And do I need to say more?
Dow 10,888.83 Up 102.94 (0.95%)
Nasdaq 2,415.24 Up 19.84 (0.83%)
S&P 500 1,174.17 Up 8.36 (0.72%)
*Taken from Yahoo Finance at 7:25PM EST on 23 Mar 2010
Everyone except the Republicans seem to be happy - the grand ol' party (odd name considering that the Democratic party is older but i digress). I like the republicans and I'm split on most issues 50-50 between republicans and democrats but this time Its hard to make a point for the republicans.
The government will take over 1/6th of the economy: Not true! There is no public option for healthcare and stocks of almost all healthcare insurers actually rose. This is how you create wealth ladies and gentlemen.
The federal debt will blow up: Not true - this actually would reduce the debt by $143 Billion through 2019. Figure from the Congressional Budget Office - new taxes and fees and cost savings from medicare. This is an estimate but CBO tends be right quite often.
Doctors will quit: I don't think so and neither does anyone with half a brain. It takes forever to become a doctor and really American doctors are some of th best paid in the world. They aren't going anywhere but yes they may see profit/patient decline.
Business will go under!: The cost of training new employees tends be high...very high. Providing health insurance to your employees will reduce turnover, reduce training costs, reduce absenteeism cost and finally will produce a happier and healtheir workforce. Yes its not measurable but i gaurentee you its for the better. Furthermore companies tend to pass this cost onto their employees and maybe the insurance exchanges will make it easier for their employees to find insurance.
One step closer to socialized healthcare: Maybe OR maybe its an alternative to socialized healthcare - but do not expect for-profit healthcare to dissapear in the near future.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment