Tuesday, January 18, 2011

Health Care Reform Debate -- 17 Years Ago

I'm not going to take a position on health care reform here. I'm sure you have one though, as I'm sure you know I have one. It's interesting, however, to note that during the Clinton administration and an earlier health care reform debate, the math used by the President and the math used by a CEO (who happens to have a math degree) were wildly disparate.

As with any other major change in the law, health care reform will have a huge effect on business. There will be some winners and there will be some losers. Ultimately, the losers are most likely to be the workers (or soon to be former workers) of the companies that are losers. The other choice is the consumer, who always seems to lose when government intervenes in business. The winners will be the previously uninsured or uninsurable.

I think what it comes down to is whether a company can afford the level of compassion being imposed on them. Each company does its calculations. Some think they will not be severely affected. Others know they will be.

In either case, you decide, but I think this 8-minute clip gives a very interesting perspective (if YouTube is blocked where you are, you'll have to wait until later).


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