Comments on: Nominal GDP and Employment http://www.arnoldkling.com/blog/nominal-gdp-and-employment/ taking the most charitable view of those who disagree Mon, 21 Dec 2020 00:12:22 +0000 hourly 1 https://wordpress.org/?v=4.0.32 By: Mark T http://www.arnoldkling.com/blog/nominal-gdp-and-employment/#comment-90690 Thu, 18 Jul 2013 20:05:54 +0000 http://www.arnoldkling.com/blog/?p=1537#comment-90690 Well, it’s not scientifically valid, but I did have dinner last weekend with a friend who is a CEO of a 2000 person HC provider, and he would tell you that margins are being squeezed mercilessly. Overhead is enormous – 80% of his employees are NEITHER doctors NOR nurse-practitioners. Consolidation is going to come very fast, and a decade from now, there will be less than 100 healthcare providers in the United States. He plans to run one of them.

]]> By: Big Old George http://www.arnoldkling.com/blog/nominal-gdp-and-employment/#comment-90495 Thu, 18 Jul 2013 02:45:16 +0000 http://www.arnoldkling.com/blog/?p=1537#comment-90495 I have recently been told (but am unable to verify) that many of the lower level health care workers have learned how to “game” the system and increase their renumeration.

If this is true, and if the trend extends to the higher level workers, then the increased renumeration may explain the increase in expense without an increase in productivity or employment.

That is two ifs and a may, by the way.

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