Thursday, March 27, 2008
Health Care Recession
Via MM, it seems that Minneapolis Mayor R.T. Rybak is raising concern about the city's "most important industry" -- health care. It seems he's worried that health care isn't recession-proof. This makes sense to me. Because our health care is so tied to employment, it makes sense that when fewer people are employed, they go to the doctor less. After all, people will still go to the hospital for all of the necessary emergency room kind of treatment, but there are plenty of other kinds of treatment people will forego without health insurance from an employer. Because we've put so much faith in the market when it comes to health care, that industry is just as likely as all others to be threatened in a recession.