Health Care Option Shows Promise at a Cost - WSJ.com

Q&A: Health Care Option Shows Promise at a Cost - WSJ.com


Question:
Doesn't the healthcare customer need to feel the pain? Otherwise we'll ALL want BMW care, and we'll want someone else to pay for it. That's just not sustainable in a global free market. At some point, won't large employers just ship their labor-intensive work to India and Nepal, and leave our spoiled Americans unemployed?


Answer:

As for shipping jobs offshore, its already blatantly happening. Ford shipping jobs to Mexico was in yesterday's paper.

I saw in one of the projections on Obamacare that a family of four would be paying about $24,000 per year for healthcare.

It's like minimum wages - if the job is worth $3 per hour, then at $8 the job disappears.

(I recall in the late '80's a financial presentation by a major franchise owner. At the time, one of the interminable minimum wage debates was being raised. He told his audience, "look, if wages go up $1 per hour, then I'll just invest $10,000 in each of my fast food restaurants to let customers refill their own cups of soda." Well, both happened.

He also told his audience that the machines would let him eliminate at least one employee - i.e. fewer entry level jobs!

Etc., etc. this is one reason why it would seem as though we have a lot of worse times ahead.

Knuckling down and getting out of the way would seem a good strategy - and, as seen in Europe - all those promised social benefits aren't going to all be there! So, watch out retirees!

European youth haven't caught on, nor have those in America to what is really happening.

I recall how people used to take pride in the fact that parents were able to leave their children with better jobs and a better country to live in.

Clearly (even discussed in a recent article), the current view is that the future won't be any better - at best - and that the young should plan on paying for what their parents want to live on now! JUST ASTOUNDING!