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It's amazing that the ruling caste of the mega wealthy are so against [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-28-07 10:20 PM
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It's amazing that the ruling caste of the mega wealthy are so against
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Universal Health coverage...

First of all, it would save a whole bunch of money for companies now offering insurance to their employees and it would also help many US manufacturing companies be more competitive by lowering the cost of production...

Just look at the recent Union/GM pact...

If this agreement stands, I still have my doubts as to the ability of the company to keep the promises they made, then Legacy health coverage costs to these companies would dramatically reshape the balance sheet of GM...

But we all know from experience dealing with Cost Cutting driven US corporations could care less about passing on the savings from Universal Health coverage to their customers...

The way the mood of the financial markets are today, companies such as GM who eliminate so called legacy costs, would rather pass those savings to their investors instead of their customers...
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