Saturday, May 15, 2010

The Congressional Budgeting Office said they were off by one hundred billion dollars on the cost of the Health Reform Some companies apparently will drop their health coverage for their employees since there was something already available-- Walmart was accused of relying on medicaid for its employees, but it shows that it has a greater percentage of full time workers on medical coverage than other retail firms and large firms and net it is removing people from the Medicaid rolls.

This shows the importance of two things:

  1. Firms should compete on the way they treat their workers to avoid taxation and that it is difficult to evaluate the numbers fairly.
  2. The only way to fix the costs is to fix the expenditures and let the providers compete to earn them on the basis of their accomplishments.

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