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alstry (< 20)

Only A Fool Would Invest In Health Care Now



February 20, 2010 – Comments (3)

About 2/3 of all health care dollars comes directly or indirectly from government.

Government is running a $2 Trillion dollar really has no money to continue paying over $1 trillion dollers per year against a back drop of shrinking tax receipts.

Health Care dollars are evaporating at the fastest rate in history as over 50,000,000 Americans are now uninsured and government is running out of money as our savings run dry.

Health Care went from 1% of GDP in 1950 to approaching 20% today........a simply unsustainable number in a nation where hundreds of thousands are losing jobs every week and few are hiring.

Expect doctors and nurses salaries to decline at least 50% over the next few years. Many hospitals are demanding massive wage cuts right now.....expect this trend to only accelerate in the near future as the money runs dry.

It will be sorta strange to see the reaction of people when they realize our whole economy was really not much more than a Ponzi Scheme of lending and spending.....and the crazy part is so few really want to deal with the issue proactively even though it is so easy to see.

3 Comments – Post Your Own

#1) On February 20, 2010 at 12:06 PM, Tacomatight (66.32) wrote:

"9.09 & 40% UNEMPLOYMENT IS HERE!!!!!!!!!!!!!!!!!!!!!!!!!"


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#2) On February 20, 2010 at 12:08 PM, sentinelbrit (57.37) wrote:

Healthcare is a racket. It is a huge vested interest group that extends to a huge proportion of the economy (20% as you note above). That is precisely why Obama's healthcare plan is destined to be flushed downt the toilet.

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#3) On February 20, 2010 at 12:15 PM, alstry (< 20) wrote:

If you factor welfare and Depression methodology of counting employment....we actually could be over 40%.


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