Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (22664)	1/22/2003 6:44:33 PM
From: MulhollandDrive	Read Replies (2) of 57110

just saw a fairly good report on the disparity between the service sector and manufacturing sector. the rise in services was 3.5% in december...almost all health and casualty insurance... those costs being born by the manufacturing sector (unable to raise prices) are creating a particularly challenging environment for profitability... they didn't even go into the rising cost of pension funding either. my prediction is that there will be more political pressure to "reign in" out of control insurance rate increases as corporations have nowhere else to go except the employees themselves to help shoulder this burden. not sure what form that will take, but i do believe "hearings" may be on the way...as more and more corporations shift more and more of this expense onto employees.. and more and more individually insured opt out as prices escalate...

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