Thursday, April 09, 2020

COTW: Employment Is Victim of Corona Virus

Still think chaining your health care to a job is a good idea?  Take a look at this chart first:

The initial unemployment claim figure is over 16 million.  The St Louis Federal Reserve projects that 47 million more people may become unemployed by the end of June, with unemployment reaching 32%.  That is Great Depression level unemployment. Employer provided health care is also becoming a work benefit of the past. The reason is straight forward: it costs too much. Workers are left to fend for themselves in a market built on private insurance oligopolies--a system neither fair or efficient. Because the federal government has become the operating arm of the corporate state, it chooses to helicopter dump trillion$ into unaccountable corporate coffers rather than build a more equitable social safety net  This is no way to run a railroad, 'Merica.  Are you reading, Joe Gramps?  A single payer option should have been part of the Affordable Care Act, but your administration caved to the insurance lobby.  Better late than never; it will pave the way to a true socialized, universal health care system.

the beginning of the myth?