One ideal in business is the idea of an innovative company that takes risks and brings new products to the market. Some of these products would be so innovative that they'd create a new market Those new products then improve our standard of living. I think of game changing products like the PC, the iPhone, stuff like that. The United States does a great job along these lines and we should keep doing that.
What we can do to help foster new innovative companies is to provide healthcare. Critics call it socialized medicine - and it is. This is a good place to apply socialism - really. Health of the nation is a social thing, it should be shared. When the whole national healthcare debate started, I thought businesses would be glad to give the healthcare burden to the government. I believe it would be way more efficient to insure everyone than to hassle the insured and leave the uninsured to the dogs.
But back to my poin: if you have a family and a kid with a chronic health issue and come up with a billion dollar idea, you might just forget the idea and stay at your job because it has the healthcare benefits your kid needs. If your healthcare was not tied to your job, you'd go out and innovate. We want business to take risk but we don't want to risk our families to do it - do we?
Why does it make sense to link medical care with whether you have a job or not? All the other grown up countries separate the two. The United States is the most innovative place but we are hobbling ourselves with limits like this. Think how much better we could be if business risk didn't involve family health risk.
Friday, July 8, 2011
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