Quote:
Originally Posted by Guest
Ironically, the unemployed/underemployed are healthcare workers, an industry that the feds now have their hands all over! Unfortunately, with the low reimbursement rates from many of these federally funded programs, most organizations can no longer carry the salaries of many professionals, so many are being let go or cuts are being made in various ways that will ultimately negatively impact the consumer. Many jobs performed previously by highly trained professionals are now being taken over by barely more than high school graduates - scary, indeed! Govt involvement does not often, if ever, result in higher standards, better service, or better quality.
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Health care has been one of best performing sectors of the stock market of the last few years. For example Janus Global Life Sciences has had annualized return of 38% over the last three years (which means it doubles every two years!) Therefore, these have been very good years for these private companies. In addition, the salaries of a registered nurse fresh out of school is now approaching $100k/yr. Sounds like to mean, the reimbursement rates have not had a negative effect on profits nor compensation for highly trained professionals.