You’re Getting Screwed, but It’s Good for the Economy

By Tim Grubbs
July 17, 2008
Business, Health

That is, if by “economy” you mean pharmaceutical and health insurance companies. ABCNews.com has run an article today, painting a rosy picture of an otherwise bleak economic outlook.

According to the article, the healthcare industry has grown more than three times since the 1960’s and now accounts for more than 16% of the nation’s gross domestic product. Oil prices may be stifling growth, weakening the dollar, driving down property values, and outsourcing the U.S. economy, but don’t let it get you down.

After all, if you’re afflicted with anxiety or depression about these things, talk to your doctor about all the wonderful drugs that can make you feel better about skyrocketing insurance premiums and bloated healthcare costs, which are “welcome news for company profits and many investors.”

Any chance we’ll hear Democrats calling for “windfall profits taxes” on the healthcare industry?