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In the long term the market will absolutely adjust to more efficiently using that potential - but that's the long term. If America suddenly socialized health i
by munk-a 2y ago
In the long term the market will absolutely adjust to more efficiently using that potential - but that's the long term. If America suddenly socialized health insurance millions of people[1] would be out of a job. The long term outlook of the economy would much better - but the short term would be extremely painful.
1. UHC appears to be about 440,000, CVS about 300,000, Elevance (aka Anthem) 104,900 - those are just a trio of the larger insurers out of hundreds.
- alistairSH 2y agoThat's assuming every job at those companies is absolute waste/overhead. I'm not convinced that's true. If we kill private insurance and move to Medicaid-for-All (I'm not suggesting this is the right approach, just thinking aloud here), the size of the Medicaid bureaucracy would have to grow, offering some of those former UHC/CVS/Anthem employees an "easy" transition into similar work. Anyways, no change this big would ever be made overnight. So, phase in changes over 5-10 years. Problem "solved".
- stackskipton 2y agoIt's not solved. I know many on this website have probably changed technology they used and used to learning but that's not the case for vast majority of people. They just want a job, pushing the buttons/emails, collecting a paycheck and doing not work thing. As non FAANG person, the number of developers I've met who continue to greenfield in Java 8 and .Net Framework is mind blowing and any attempt to make them learn something new falls on deaf ears.