Minimum wage rises to $6.55 per hour. Let the good times roll!!! Hey take part of that $6.55 per hour and buy some stocks!! Yeah, healthcare looks real promising. It’s time to be realistic-there are some serious changes that need to be made or there will be very few “safe haven(s)”left.
The health care system in this nation is a total mess. That fact in itself should keep anyone out of health care stocks who is looking for something “Safe”.
Big pharm has grown rapidly in the last decade on the force of patient targeted advertising selling anti-depressants, viagra, hormones and cholesterol drugs. In many cases, these drugs, are semi-optional and only semi-effective. Very often life style changes would be a cheaper and more effective answer.
In general, much of our health care costs could be replaced by cheaper, more effective life style changes. Americans resist this now. But only because they have the option.
The perception that people “have” to spend money, and always more money, on health care is an error. Health care is too expensive, we spend more on it then we can afford and when people run out of money, it will come tumbling down.
Remember, for stocks to totally tank, all that has to happen is for growth to slow down. Even a small drop in total revenue is a stock price disaster.
It isn’t the 55 million people with out insurance that will be the problem. It is the total cost of care. No matter how we pay for it, as individuals, with insurance, with tax money, it is too expensive and can’t keep going up.
LOL, once again another not so useful bit of information.
Consider that 55 million Americans do not have health care and that the biggest provider Medicare and Medicaid are both bankrupt just how is the medical companies going to make money in the future?
When only the Rockerfella’s and Rothschilds of the world can afford health care the profit margins of these companies are going to drop like a rock as we all know the rich never pay full price for something.
I say the healthcare field is going to be the next down trend in America. You have workers making $12 an hour trying to support nurses at $85 an hour and doctors at $500 an hour. There is just no way this system is going to keep going.
Look for healthcare stocks to drop like a rock over the next few years as funds dump them. After all food on the table and gas in the tank is more important than your health when it costs $135 dollars just to see the doctor and $250 dollars for the meds he writes you. And all this on a globally competive wage of $7 to $12 an hour.
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While we are out “killin’ Muslims for Jesus” it is instructive to remember that thousands of wounded American Soldiers are going to require continued care for years to come. Every successive war on Islam that we wage… Iran, Syria etc. will only add to the burden. On this basis alone, healthcare will be a growth industry and a great investment.