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October 17, 2005
Universal healthcare
Under the deal, GM's health-care costs for union members, retirees and their families will be reduced by about $1 billion a year, the world's largest automaker said....GM said that in addition, health-care liabilities on its balance sheet will be slashed by about $15 billion.
See, in many areas, if you spread the liability, costs go down. The more people who are on your healthcare rolls, the less you can charge any given person-- that’s why businesses can provide healthcare to their employees less expensively than individuals can provide that same healthcare for themselves. Now, imagine if the pool were 300 million people...
So, nationalized healthcare would result in lower fees for everyone-- and we’d all be covered...
Also, just as an afterthought, GM wouldn’t be going bankrupt...
Posted by Andrew at October 17, 2005 10:19 AM
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