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These changes will occur, but California is pretty messed up in terms of it's ability to solve such problems.
yep! the three above are spot on! worst yet, they have since 2000 gambled such prior returns from stock and housing market will return even today.
They havent sobered up! They need to be fired and sent to rehab...
1sfrenter
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2012 Jul 1, 4:02pm
The cost of pensions and retirement would go WAY down if we had a health care system that worked. A big chunk of pension costs are for health care.
The cost of pensions and retirement would go WAY down if we had a health care system that worked. A big chunk of pension costs are for health care.
what eventually happens is they send their patients to lower cost countries.. like Latin America, Thailand and India. And many are US trained doctors.. go figure.
http://en.wikipedia.org/wiki/Medical_tourism
In First World countries like the United States medical tourism has large growth prospects and potentially destabilizing implications. A forecast by Deloitte Consulting published in August 2008 projected that medical tourism originating in the US could jump by a factor of ten over the next decade. An estimated 750,000 Americans went abroad for health care in 2007, and the report estimated that a million and a half would seek health care outside the US in 2008. The growth in medical tourism has the potential to cost US health care providers billions of dollars in lost revenue.
FortWayne
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2012 Jul 2, 12:20am
Good article, certainly sums up what most of us known and felt for a long time. People aren't blind, they can see all the pension padding tactics government allows, they can see how these unions are showered with money.
It's how you know someone is going to retire soon, they start working overtime, padding their pension benefits.
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http://www.foxnews.com/opinion/2012/03/02/government-employees-true-1-percent/
What a surprise! Government employees game the system, and the taxpayer. Could this be part of the reason so many people are pissed off at the government, government employees, unions, liberals and the like?
Oh wait, this is from Fox News which means NONE of it could possibly be true. No government employee would ever game the retirement "rules" to financially benefit themselves - would they?