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January 27, 2015

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Today in Labor History
Jan. 26, 1695: In what could be considered the first workers? compensation agreement in America, pirate Henry Morgan pledges his underlings 600 pieces of eight or six slaves to compensate for a lost arm or leg. Also part of the pirate?s code, reports Roger Newell: shares of the booty were equal regardless of race or sex, and shipboard decisions were made collectively.
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Why an MRI Costs $1,080 in American and $280 in France
Posted On: Mar 28, 2013

Mar. 28, 2013 | HEALTH CARE | There is a simple reason health care in the United States costs more than it does anywhere else: The prices are higher. That may sound obvious. But it is, in fact, key to understand one of the most pressing problems facing our economy. In 2009, Americans spent $7,960 per person on health care. Our neighbors in Canada spent $4,808. The Germans spent $4,218. The French, $3,978. If we had the per-person costs of any of those countries, America's deficits would vanish. Workers would have much more money in their pockets. Our economy would grow more quickly, as our exports would be more competitive. Full story here. Related: 21 graphs that show America's health-care prices are ludicrous


 
 
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