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quinpeung (70.10)

Obama's health plan?



February 27, 2009 – Comments (1) | RELATED TICKERS: AMGN , ABT , PFE

My friend supplies widgets.  One of his buyers did not want to pay an increase that the manufacturer had imposed.  In a nutshell, buyer told my friend "The government needs these parts for their vehicles, and they can force you to supply me with the parts when the time comes".  Which is true, if the buyer's company has a contract.  So my frend replied "I'll cancel your contract on Monday, and supply you with parts for the next 30 days, as promised".  Buyer signed a new deal 3 minutes before the deadline, at the increased price. 

Well, I might have over reached a bit for this example, but the point is the best minds become doctors, researchers, and executives at big pharma.  Take away their incentives, and they will suffer, and some will leave.  Most will stay on, because that is what they are trained to do.  But what of the younger generation?  They will think twice about pursuing a career in medicine or research.  Sure, we will always have doctors, but will they be good doctors?

1 Comments – Post Your Own

#1) On March 03, 2009 at 9:30 AM, EHoyle80 (< 20) wrote:

I completely agreewith you, this has already happened in Canada. Americans always mention that the Canadian healthcare system is great, however they forget to mention that only 75% of Canadians even have a family doctor because their is a shortage of doctors, many of which have moved to the U.S. due to greater salries. Here in Canada I have not had a family doctor for the last 7 years, I pay my taxes just like everyone else, but no doctor has room for me. This is the one big flaw with the healthcare system we have here in Canada and eventually, if the U.S. follows through with their plans, America will have this problem as well.

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