Healthcare Costs Are Crushing Jobs in America

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Is health care killing jobs in the United States? I know. I know. It’s the A.I. Boogeyman. Yeah, I believe ads come and take it all the jobs. not saying that’s playing a part, but if you don’t think the cost of health care is playing a part. It is. It is. If it costs and I’m going to I’ll use my business, it’s over.

over $30,000. Let’s put it on $35,000 per family premiums. I mean, that’s

a lot of Without a doubt, that’s what I have to pay at Markowski Investments. Where’s most of that money go? That goes to insurance companies. Yeah. Again, it doesn’t even deal with all the other BS payroll crap you got to deal with when it comes to insurance.

most businesses, mean, I’ll look at my business. I’m trying to look at my costs right now, various different things that we do. mean, yeah, after payroll, it’s probably the second. After payroll, yeah, well, again, you want to call it part of payroll? It is. so you don’t think, if you don’t think that this is playing a part in job creation,

right now? It is. It is. It’s a cost. It’s a cost of hiring people. And I speak with young people, recent college grads, some of them getting jobs out of college, big city.

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$85,000, $100,000 a year. And they’re like, yeah, it’s very tough to get by. like, well, you know, I hear you, but you do realize that that’s, that’s just not your pay. You’re getting health insurance, right? Well, there you go. Add another $35,000 onto that bad boy. Yeah. Yeah. This is something that we used to do when we could do it.

It was a it was a health insurance hack that we used to do for our clients back in the day. This is some Rick Santorum. This is under the Bush administration. And I said that this was the best thing that Bush did. Well, one of the best things that they did. I to also give it to Bush and Cheney with opening up. Well, basically, they started drill baby drill. Let’s just leave it at that. Anyway, neither here.

nor there. When they started out with the health savings accounts, the HSAs with high deductible health insurance, that was the best bloody deal going when that came out. And what I did was I told a lot of my clients that,

Well, I would send it up for obviously all the small business owner clients of ours. But we would also tell people that we had regular jobs. said, why don’t you go to human resources and, you know, ask them, ask them, say, hey, listen, you’re paying how much for my health insurance? What are the what is my cost per year? What if you just, you know, give me a give that money to me, give me a raise. And I had people go out and purchase high deductible health insurance with a health savings account on their own.

on their own, because the numbers worked. The numbers made sense to do it. Now, no way, no how. I still have same thing, even high, high deductible health insurance, health savings, it’s still 35, 36,000, probably even more than that. I’m afraid to If you don’t think that this is affecting the job market,

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If you don’t think that this is giving employers pause, you’re crazy. You’re crazy. You got to think about even like certain parts of the country, entry level type work, 50, 60,000. So then you got to pay almost half their salary in health care after the fact. am, and I’ve said this before, again, I talked about

consequential presidents. You you could look at the things that Lyndon Johnson did with his Great Society programs. Barack Obama’s first term was, I mean, you’re really hard to come up with a bigger disaster.

I mean, it really hard to come up with a bigger disaster. He took over student loans. We’re now at one point eight plus trillion dollars there destroyed health care here in this country. It’s an absolute joke. We all know it. We all hate it. the American Recovery Reinvestment Act getting nuts, getting really getting the government involved with the private sector leading to all the nonsense that we have with EVs and all the waste there. I go on and on and on.

All right. He was, you know, he was articulate. He was articulate, articulate and clean. Wasn’t that was that Joe Biden or was that Al Sharpton that called him that? Anyway, Watchdog on Wall Street.com.