Tuesday, August 25, 2009

10.5% increase in health care premiums..

Nice, but this is economically part of the problem.

Found THIS in the Washington Post today.

So, it begins, employees will likely begin to see wage stagnation, a decrease in real purchasing power (ESPECIALLY if the newly minted deficit of 1.6 trillion causes devaluation of the dollar, and subsequent inflation), and possibly an increase in healthcare deductions.

Not only that, but prescription drug prices are expected to rise 9.3%.....I mean REALLY????

We need real cost controls, and a real effort to reduce healthcare expenditures.

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