Tuesday, May 22, 2012

How Many Jobs Will Government Create When Private Insurance Industry Is Forced Out Of Business?

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Tuesday, August 18, 2009, 6:48
This news item was posted in Medical Information category and has 4 Comments so far.

Obamacare through taxpayer subsidy promises to undercut insurance companies and provide mandated healthcare to all Americans. This policy will of course pit private health insurance against a cheaper taxpayer subsidised insurance forcing private industry out of business. Please be sure and include those Doctors, Lawyers and other associated personell.

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4 Responses to “How Many Jobs Will Government Create When Private Insurance Industry Is Forced Out Of Business?”

  1. TOOTAl2 said on Tuesday, August 18, 2009, 8:17

    I dont know if they will be forced out of business. But nobody will buy stocks in them right now because of the obama. obama must be very happy.

  2. Rick said on Tuesday, August 18, 2009, 12:24

    Jobs are not benefits — they are the costs of bringing something to society. Every job that is “lost” frees up a person to bring something else to society. For example, once we had an agrarian society, where over 90% of labor went into farming. When you went shopping, all you could buy was farm products.
    Now agriculture is just a few percent of the economy, and all those lost farming jobs freed up people to work in other industries. And of course you can still get all the farm products you want to buy, but now you can also get a lot of other consumer goods that once didn’t even exist.
    So losing jobs in insurance, etc., is not necessarily bad. The real question is where society will get its healthcare if government creates incentives for people to get jobs in other industries. If we control how much gets paid into healthcare as an industry, we’re sending a message that we want that industry to produce a limited amount of output.
    Liberals believe they can reduce how much care is “wasted” on currently-insured people to free up more care for covering currently uninsured people. Of course, the notion of “waste” is highly subjective: somebody somewhere will have to make do with less care if you’re going to suddenly provide guaranteed care to 47 million additional people. The quality of care will go down, but like every other effort it undertakes, government will find a way to measure its performance that makes it look like it’s doing a better job.
    There’s no such thing as a free lunch. Most people’s care will probably get a little worse. But government will not hesitate to tell you how much better it is.

  3. Kyle said on Tuesday, August 18, 2009, 12:46

    Private Insurance is a middleman that makes huge profits and seriously overpays its CEO’s and Directors. They all easily make more than the POTUS. The government would easily be more efficient than that. Good riddance to the insurance companies.

  4. Dave87gn said on Tuesday, August 18, 2009, 17:24

    thats the point. Right now, there is no competition, so they over charge, and are swimming in profits, if they cant compete with the govt
    they SHOULD go out of business

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