Real World Affect of Healthcare Bill on Unemployement

Not to be rude but . .. he could be lying.

which sounds better
"Me and the board kind of miscalculated a few things and ***** up . . . so we gonna have to let a few of you go"
or
"well, because the Government. . u know them always hampering business. . . well we have to let some of you go . . .yea i know .. big brother . . the government .. sticking it to us little guys. . . ."

Rocket River

 

The problem is that this CEO has never actually run his own business. He runs a public company with a guaranteed pay package - it is not like running an actual business, which is way different than just driving a nice car and checking your blackberry and opening up spreadsheets - businesses are run on the ground. With people who have actual paper, and forklifts. This guy has none, therefore he is an idio-tard.

 

Not likely. A company with size would have some analysts crunching the numbers to generate the $8m number. Those people will notice when management makes stuff like that up and tries to feed it back them.

 

The best way to debate health care reform is through vague anecdotes.

 

I think the problem with a public company is that it is technically owned by shareholders, who don't actually own their own business, at best they own an equity stake, which is to say, a bundle of rights stemming from proportional residual interest in the corporation's income and assets, subordinate to that of all liabilities of creditors.

Even complicating the matter further, is that companies are run by management, who usually own only a significant but smallish amount of the total outstanding shares, so their incentives are out of whack.

I mean basically you simply have a ghost ship of people who don't own a business trying to run a business, which is not really owned or run by anyboady, and as a consequence, all businesses are doomed to fail. Since they are not owned. Except for people who own their own businesses like maybe a lemonade stand. But then they are probably dumb, as they never run a big company.

So basically only self-pwnage will save business, that is the bottom line. I have discovered this in all of my worldly travels and research.

 

He may be exaggerating. I don't think the penalty is that much, but the insurance cost probably is.

 

Oh, I see what you did there. By this measure, I could find a homeless, penniless destitute soul, grant him one share of your non-business owning company's stock, and then he would have 100% of his net worth in that company's stock - he would be far more of an owner than your silly CEO. Honestly the absurd juice is splattered all over you.

Quite frankly, the problem with your theory remains - your CEO doesn't really own his own business, so who is he to tell me, a business owner, how I should run my business?

Laughable and pathetic and laugha-thetic (which is a new hybrid term I just coined, and which i will use as a pwner).

 

Money is just another term for rationing.


Everybody can't have everything, there has to be some system to distribute things. Life Panels are as equitable and ethical as any other way you might propose.

 

mind blown

 

Do you seriously think the analyst would step up interrupt him in the middle of his speech and call him out on a lie? They too are employees and are told to shut up . .. what do you think they will do . . they will SHUTUP!

Rocket River

 

Case in point: Enron.

 

Pre-bust, pension and insurance fund managers held around 45 trillion in assets. The sole imperative for pension fund managers is to make profit for retirees by any means necessary. They wouldn't care if Purina slaughtered babies for their dogfood as long as it had a good return. It's this single-minded goal that's been proven ruinous for American private industry and its workers.

This Harvard Business Review article proposes moving away from shareholder interest and towards customer driven interest. It would take a new culture to shift to it.

We can't deny fund managers from doing their best, but we can shift the priorities for our busineses to reward long term thinking rather than encourage front loaded bonuses for yearly performance.

I'm not sure how much this would apply to the financial sector, but the proposed fixes and changes doesn't stop this core problem. I believe AIG had clawback provisions for their traders before there were any whispers of what a AAA subprime tranch was.

 

Health reform expected to create up to 4 million jobs

January 08, 2010 | Chelsey Ledue, Associate EditorRelated Links

WASHINGTON – A new report shows that healthcare reform could create up to 4 million new jobs.

The report, released Friday by the Center for American Progress and the Leonard D. Schaeffer Center at the University of Southern California, combines data from David Cutler of the Center for American Progress and Neeraj Sood of the Leonard D. Schaeffer Center for Health Policy and Economics to forecast the job-creating effects of healthcare reform.

“One important way to create jobs is to slow the growth of medical spending,” the report said. “If healthcare cost increases slow down, then businesses will find it more profitable to expand employment, and workers will more readily move into those new jobs.”

The report combines Cutler’s assertion that reform will slow healthcare cost growth with Sood’s assertion that every 10 percent reduction in excess healthcare cost growth – a decrease in cost growth from 2.2 percentage points above the Gross Domestic Product to 1.98 percentage points –lcreates about 120,000 jobs.

The study contends that healthcare reform could increase the number of jobs in the United States by about 250,000 to 400,000 per year over the coming decade. Also, by 2016, reform will create more than 200,000 new jobs in manufacturing and nearly 900,000 jobs in services.

http://www.healthcarefinancenews.com/news/health-reform-expected-create-4-million-jobs

The full report can be found here.

http://www.americanprogress.org/issues/2010/01/pdf/health_care_jobs.pdf

 

The CFO of my hospital was ragging on obama care for his portion of the quarterly meeting. 57% medicare/medicaid the hospital was reimbursed back by the government. 32% insured patients and 11% self pay patients. Keep in mind the for-profit hospital are making a good profit, I believe he stated that the hospital receives 8 million dollars alone from the government for seeing and accepting a certain number of medicaid patients a year. Plus recently our hospital made a deal with Harris county to accept their backlog of outpatients and surgery to be performed by our doctors, instead of accepting the gold card they will receive medicaid rates pay from the county. Why??? because only 32% of the patients have insurance.. hmmm now imagine if everyone is insured, look at the profits.

 

400 dollars per employee per year? That's a lot less than my health insurance.

 

History repeats itself. First they hated the stimulus while happily taking the money and now...

States suing to overturn health care reform claim subsidies from the bill

 

LOL - you have yet to tell us what an actual business owner would do, you are telling us what their proxies will do.

Hint: NObody cares. Since they don't really OWN the business, they'll take any number of cosmetic measures to juice their own short-term return.

Oldest trick in the book, my friend.

once you've worked for a few years in the real world, you will figure this out.