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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning

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To: John Mansfield who wrote (184)4/27/1998 10:10:00 AM
From: Katherine Derbyshire  Read Replies (1) of 888
 
>>Y2K is heating up and the consequences are about to destroy our present way of life.<<

Nonsense. If hospitals start turning people out on the streets in large numbers, the public outcry will force government to act, probably by becoming an insurer of last resort for Y2K problems.

A couple weeks ago, a long term care facility in the US started evicting Medicare patients because their insurance didn't pay enough. The outcry, which was minute compared to the scenario you describe, forced them to reverse themselves inside of a month, and several state attorneys general are investigating whether the facility (actually a chain) violated consumer protection laws.

Like it or not, one of the things democratic governments do is rein in capitalist excesses. Make enough people unhappy, as massive shutdowns of hospitals will, and democratic governments *will* step in.

Katherine
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