Businesses Dying for Healthcare Reform
I’m collecting statistics. So far it seems that 62% of all US Bankruptcies are caused by medical expenses which certainly seems reasonable because, insurance companies do everything they can not to pay your claim and millions are uninsured altogether.
What I’m looking for is the percent (%) of those medical bankruptcies that are from people who actually HAVE insurance of some sort. People who are diligently paying premiums for what is obviously too little coverage.
Who pays for bankruptcies? It’s the business of course. Yet these misguided myopics seem to forget that when someone files for bankruptcy, everyone else pays more and the one who is unlucky enough to be holding that person’s debt, pays a whole lot more. They stand tall with the insurance companies, who are making record profits while everyone else gets buried under a mountain of debt.
The american auto industry has been crippled by high insurance costs for it’s current and retired employees. Indeed, in every industry, American’s are less competitive because business has to calcuolate in the high cost on insuring their employees in their products and services. What happens when you take that burden away?
Yes Virginia, Universal Healthcare is going to cost more but how much is it going to SAVE? Would your business be doing better if you did not have to insure your employee’s health?
I’m still looking for those stats. Must be here somwhere.
Tags: american auto workers, health insurance, Healthcare reform, Universal healthcare, US Bankruptcies