Aristophanes

GE's Immelt Thinks for Himself: U.S. Not Shifting to a Service Economy

A major reason why American companies have competition issues is the intractable health care problem. The administrative drain on a company's bottom line is staggering. Get that yoke off the back of private employers and efficiencies will increase significantly, especially in manufacturing. Why is a medium-sized manufacturer burdened with the process of being sophisticated shoppers for health care. It's not their business.

So it's about time the US just got its act together and made health care insurance (not necessarily delivery) a public good. This would increase the economy of scale and merge the dilemma of Hippocratic services and public policy with proper accounting and budgeting. What a boost in confidence to battered American businesses and households at a time when everyone is craving security.