Saturday, August 15, 2009

Whole Foods Health Care

If find myself agreeing with the eight health care reforms proposed by John Mackey, the CEO of Whole Foods Market Inc. "Enact tort reform" and "enact Medicare reform" seem much easier to say than they are to do, and "repeal government mandates regarding what insurance companies must cover" does not seem very politically feasible. But some of the proposals seem so obvious it is hard to imagine them lacking a consensus:
• Equalize the tax laws so that employer-provided health insurance and individually owned health insurance have the same tax benefits. Now employer health insurance benefits are fully tax deductible, but individual health insurance is not. This is unfair.

• Make costs transparent so that consumers understand what health-care treatments cost. How many people know the total cost of their last doctor's visit and how that total breaks down? What other goods or services do we buy without knowing how much they will cost us?
Does anybody disagree with these points? If nobody disagrees, why isn't somebody in Congress pushing hard for these types of reforms?

Additionally, Mackey mentions that "two-thirds of Americans are now overweight and one-third are obese." It makes me wonder what the definitions are for overweight and obese. Are all obese people overweight?

Anyways, with a clear thinking CEO and health food becoming trendy, the suggestion I was given to invest in Whole Foods is looking pretty good. (Current Price WFMI: $28.10)

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Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant. ~Fredrich Hayek in The Constitution of Liberty