Posted Sep 16, 2014 by Martin Armstrong
QUESTION: In light of this predicament, as evidenced by your unequivocal statement regarding healthcare, will hospitals still exist, or will employees of the industry just blow away when this crisis peaks? Or will healthcare fields become below-standard-income careers in the future? Any insight would be greatly appreciated. As always, I thank you for taking the time to enlighten us in these dark times.
ANSWER: Yes. Healthcare will not cease to exist. But what will happen is the economic decline will cap the industry. Pension funding is being consumed with healthcare costs and this is part of the entire crisis. This one industry is sucking up more and more capital as a percentage of total income. This trend is not sustainable.