The FACTS vs. The White House Economists
The Facts from WSJ:
These cutbacks, in turn, are devastating the health-care sector. Now the state's largest employer, health-care providers have swung from profit to loss. Hopes are fading that Michigan's hospitals and clinics can offset the car industry's decline: Even as waves of former auto workers are retraining as nurses, dental hygienists and X-ray technicians, the state's hospitals are freezing expansion plans and laying off workers. Unpaid bills at the state's hospitals hit $2 billion in 2007, twice the level in 2001, and continue to grow, according to the Michigan Health & Hospital Association.
Employer-funded insurance is a pillar of the U.S. health-care system, and Michigan's experience shows what happens when it begins to erode. The state provides an extreme example of what President Barack Obama's administration is trying to address as it seeks to reinvent national health care.
The White House Economists
WASHINGTON – The White House's economic advisers say jobs providing health care and helping the environment are growing more quickly than the rest of the economy.
Let's see, the White House Economists missed how severe the downturn would be where as Alstrynomics and The Facts nailed it......
Now Hospitals are firing staff around the country as Health Care faces its most difficult economic headwinds in history......you think Alstrynomics and The Facts are going to be right again........
Few do it better or more accurately than Alstrynomics........too bad Alstry can't be more humble.