There obviously haven't been a lot of comments posted about the content of this blog which presents me with a bit of concern. Because, while the blog is supposed to be about what's on my mind in particular, I'd still like my jottings to be of interest to those who log on. Without feedback I have to guess what readers would like to read.
On the other hand, I have been getting a lot of email and even a phone call or two concerning the entries. Without any prompting from me, most of the commentary I've been getting is about what's going on in Washington and especially about health care. So, hopefully not boring or dissuading any readers I'm going to write a bit of a follow up on the subject.
It seems that, as I projected here a few days ago, businesses large and small are accruing for the hit they're going to take in the pocketbook to cover future health care costs. Early indications are that the sum is going to be humungous. So much so, that some businesses may face financial losses. While that is simply a matter of fiscal fact, Congresspeople don't seem to want this information to become public.
In an effort to diffuse the issue, particularly regarding the largest employers wherein the accruals for future health care expenses are the greatest, some of the head honchos from these organizations have been summoned to testify in DC next week. Congress wants to question their actions and determine whether or not the financial accounting and reporting steps these businesses are taking regarding health care liability are really called for, or just a knee-jerk response. The informed projection about what will take place is that these businessmen will be cajoled, muscled or threatened into keeping the issue quiet and doing whatever is needed to divert newspeople and commentators from splashing distasteful information across their pages, screens and airwaves.
Leaving aside the particulars of why, how and when businesses will do what they do about accounting for health care, I'm much more concerned about the vapidity and audacity of politicians. As I've asked before on these pages, what do these whatever they are's in Washington expect? Businesspeople have entities to run and are required by law to conduct themselves in particular fashions. When the lawmakers themselves create problems for them and burden them with additional hurdles, what are businesspeople to do? Should they just sit back, lose a fortune and say "thanks for squandering away my hard earned money? And, don't worry, Congresspeople, we won't make a peep."
What's worse is, health care itself could probably be paid for in full ten times over if taxpayers could only recoup what Washington's misspent in people's "best interests" time and again over the past forty years.
That's it for today folks.
Adios
What's worse is, health care itself could probably be paid for in full ten times over if taxpayers could only recoup what Washington's misspent in people's "best interests" time and again over the past forty years.
That's it for today folks.
Adios
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