National Healthcare Makes American Business More Competitive

Recently, I posted the following comment on Wal-Mart Watch regarding healthcare: 

In most developed countries a public healthcare system means that employers do not need to offer healthcare to employees directly but rather provide it through employer tax contributions.  I worked at a company that actually outsourced some of its IT development to Sweden because they were cheaper and very high quality workers.

The fact that a quirk in the US tax code makes cheap health insurance available only those who work for big corporations (and not even all big corporations) is absurd.  The US should end the tax deductibility of healthcare benefits, get employers out of the healthcare business and have a national plan like the rest of the advanced world.

I’m glad to see large corporate employers, unions and the uninsured all on the same page with this issue.  (link to my comment and post)

Disclosure:
I own Wal-Mart(WMT); it is one of my larger positions.  I am long Wal-Mart shares and short January 2007 - 45 strike calls.

Disclaimer:
Nothing in this blog is meant to be a recommendation to buy or sell.  I do not give investment advice.  Do your own research.  Do not rely on anything in this weblog to make investment decisions.  I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult your own investment professional before buying or selling any security.