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Saturday, January 10, 2009

The Economic Case for Universal Coverage

If there is to be one lasting lesson that we should learn from the current economic crisis, let it be that the health care industry in the United States is sick. Three of the most iconic companies in our history, GM, Ford, and Chrysler, are on the verge of bankruptcy not because of Wall Street shenanigans, but rather because they can no longer remain in business while meeting their obligations towards their employees' health care costs.


In fact, for every car or truck that GM sells, more than $2000 goes directly to the fund that the automakers have set up to deal with the ever-expanding costs of providing insurance to their employees, past and present. And you thought it was all about subprime mortgages.


Things look bleak for the automakers now, and for the economy in general; health care expenditures are a big part of the problem.


But there are solutions.


Continue reading

posted by KJ Wojciechowski at 1:24 PM

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1 Comments:

Blogger KJ Wojciechowski said...

Excellent piece, if I may say so.

January 15, 2009 12:15 AM  

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