Will health-care delivery mimic the mail?

 

On Feb. 2, United Parcel Service reported fourth-quarter net income of $757 million on revenues of $12.38 billion. This represents a 198 percent increase in net income in spite of a 2.5 percent decline in revenues over the same period a year ago.

On March 28, Federal Express announced third-quarter net income of $239 million on revenues of $8.7 billion, an increase of 146 percent in net income and a 7 percent increase in revenues over the same period last year.

On March 2, the United States Postal Service stated that if "no action" is taken by the Postal Service, the result will be a $3 billion loss this fiscal year and a $238 billion shortfall by 2020. With drastic steps taken, such as dropping Saturday deliveries, restructuring retirees' health benefits and increasing prices, the shortfall can be decreased to a mere $115 billion.

On March 23, President Obama signed legislation that will put U.S. government employees in charge of our health-care system, which currently represents approximately one-sixth of our national economy.

If the government is as successful at running the health-care system as it is at operating the Postal Service, our country will be completely bankrupt in a matter of years.

Is this the change you were hoping for?

Stan Martin

Augusta

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