And Wal-Mart promoting this line is particularly heinous. The Bentonville giant is known for keeping workers just below the number of hours to qualify them as full-time, precisely to avoid giving benefits such as health care. Thus if workers are single or married to spouses who similarly lack coverage, the likelihood is high that they will upon occasion turn to emergency rooms for health care, which is an extraordinarily high cost delivery system that comes out of the collective purse.
And listen to this from CEO Lee Scott, quoted in the Financial Times:
I think government is going to be engaged after this election regardless of who wins, and I think business should be more involved in the discussion. I think it has long-term ramifications for our global competitiveness.
Hhhm. Most (read all) of our advanced economy trade partners have more generous public payment for health care. They also have lower current account deficits than we do. While correlation is not causation, tell me why I should believe the reverse is true, that a single payer system would be bad for competitiveness? There seems to be a dearth of evidence to support this view.