IIPM vs Blogosphere

HealthCare costs and Comparative Advantage

I came across this gem:
Link: Comparative Advantage - From the Economic Strategy Institute � Blog Archive � Health Care Costs Cripple US Manufacturers.

The other American automakers are in the same boat. In 2002, Ford spent $2.5 billion on health care benefits, and DaimlerChrysler spent $1.4 billion. In Japan and Europe, national health care plans mean that corporations pay little or nothing to maintain a healthy work force. Health care costs are thus the source of a significant competitive disadvantage for the American auto industry and manufacturers generally.

Does that mean corporations in Japan and Europe don't even have to pay taxes? Jeez, may be the doctors, nurses, medical equipments and drugs literally grow on trees in Japan and Europe. Looks like it's Christmas throughout the year in the Japan and Europe!


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