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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week Six Reflection Paper

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Q Please provide answers to the following questions, as well as your personal thoughts about these issues. 1. How much of the current U.S. economy is supported by the health insurance industry and the jobs it provides? 2. What do you think this means for how entrenched the system is in our current economy? (Use FIO Annual Report 2013 PDF in the course pack to answer these questions) 3. How many people would likely lose their jobs if our health insurance industry collapsed? 4. What were the executive salaries for some of the major U.S. health insurers in 2014? 5. Do you think executive salaries contribute to the existing cost problems? 6. Do you feel this compensation is commensurate with this individual’s skills and responsibilities? Submit assignment by Sunday, 11:59 PM EST.

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A fundamental health reform initiative like "Medicare for All" would be a very ambitious political project with significant implications for the American economy and the financial stability of American households. The total number of jobs in the U.S. economy would not be much affected by a national programme that would provide health insurance for every American, despite frequent assertions of widespread job losses. In fact, such reform might increase salaries and employment while creating more effective labour markets that better match employees with available positions (Annual Report on the Insurance Industry, 2022).