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re: The cost of Obamacare... supporters of it.. please feel free to chime in
Posted on 4/12/14 at 1:47 pm to MIZ_COU
Posted on 4/12/14 at 1:47 pm to MIZ_COU
quote:
I wonder what that increase would be if the retailers and service industry had to provide health care?
Retail currently makes about a 4-6% pretax profit margin. If you added back healthcare costs to that, Medicaid costs would increase a bit as retailers close and Medicaid picks up the newly unemployed.
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Posted on 4/12/14 at 1:52 pm to the808bass
quote:Or they would pass the costs on to customers, especially seeing as people would still buy clothes. Price would go up, and as this is a market that you can actually model using the supply / demand model (unlike health care) price would go up and demand would go down. There would be more unemployment.
Retail currently makes about a 4-6% pretax profit margin. If you added back healthcare costs to that, Medicaid costs would increase a bit as retailers close and Medicaid picks up the newly unemployed.
Now as to these newly unemployed swelling the medicare ranks they were allready uninsured.
This post was edited on 4/12/14 at 2:07 pm
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