08-11-2014, 07:13 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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As fucked up as the costs of healthcare are today the quality of healthcare as compared the the Marcus Welby MD days of the 1970s is vastly better -- we live 10+ years longer. So; tell me how much do you earn when you are dead or how much will your medical costs be in retirement? What used to be the last 5 or 10 years of your life in "retirement" has become your last 15 to 25 years.
I would not be so quick to credit Obamacare with better employment/ job creation statistics -- these are just talking points. Any better employment/ job creation statistics are simply the cyclical pent up demand caused by poor sales during a recession. If healthcare related stocks show advances that is due to the cash inflow to these public equity businesses by ACA's insurance requirements. This will change in time most likely to a nationalized healthcare system in the USA like most developed countries today.
Once people figure out that healthcare will cost 40% of what we are spending now if nationalized, this will happen. Medicare works -- our longer lifespan in the last 50 years proves that -- man did not evolve that much physically in the past 50 years to be the reason. Lifespans should increase at a faster rate just for the reason of what has been learned in the last 50 years.
So, if you live another 5 years is it trivial? Ask someone who is 80 years old the question what another 5 years of life is worth to them. Sure, that is self-centred -- most people are ...
Evidenced by Obamacare's harshest "talking point" critics.
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