7 ms·
there's an immediate recession. yep, it's true. GDP will fall, maybe for a few quarters. but, i liken it to cleaning out an infection. most job growth in heal
by maximente 7y ago
there's an immediate recession.
yep, it's true. GDP will fall, maybe for a few quarters.
but, i liken it to cleaning out an infection. most job growth in health care is admin., not people who actually see patients. so there's rotten scaffolding propping up the system that's basically completely parasitic (i'm not blaming said individuals here, just stating facts). required reading:
https://hbr.org/2013/09/the-downside-of-health-care-job-growth https://hbr.org/2013/09/the-downside-of-health-care-job-grow...
however - and this is key - the rest of the country are better off in the long run, because they can do things like:
- avoid silent taxes like figuring out which doctor/procedure is covered, arguing with insurance companies after the fact, stress/anxiety/putting off care due to above, bankruptcy as a result of whims of insurance companies
- start a business bc they don't have to stay in a horrible job for private health insurance coverage
- invest in themselves (education, etc.) bc they don't have to stay in a horrible job for private health insurance coverage
- start to get healthier and get preventative because they can actually afford to go see a doctor without a high probability of bankruptcy (this occasionally happens even with """good insurance""")
- business can now eliminate this axis as general benefit (does your health insurance accept my dentist?)
so yeah, it's gotta get taken care of. either we do it now (painful) or we do it later (immensely more painful).