Monday, April 5, 2010

Anecdote on the projected impact of ObamaCare

I got a chance to meet an interesting gentleman this weekend who is the owner of a 7-month old physical therapy concern.  I asked him how the recent health care "reform" legislation might affect his business and he answered that it hasn't yet affected him but added frankly that once it goes into full effect, it might put him out of business. 

He made a comparison to existing clients he has which have coverage from medicare or state programs and he estimates that he makes no more than 10 dollars an hour from them. I am not an expert on the PT business but I think people at Starbucks get paid more than that.  He expected that the number of such clients would likely increase given the recent legislation and that it might be the end of his business.