Is lending itself to Canadians flocking to the US for more accessible health care:
A soaring loonie isn’t just good news for cross-border shoppers looking for a good deal on running shoes and plasma televisions.Suddenly private health care in the U.S. is 30% more affordable.
American clinics have always been an option for patients in this province who want speedier access to health care than our one-tier public system can offer. What’s more, this province has a doctor shortage. The U.S. does not.
(via a reader tip)
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Pretty soon those “low” Canadian reimbursements are going to look pretty good to US doctors getting squeezed by Medicare/Medicaid and a falling dollar.
Want to see something scary? How about take your income/savings and see how much they have fallen this year when converted to rupees, euros, or loonies. How does a 15% to 20% thwacking this year sound? So say you make $100K US, well that is only worth $80 to $85K in relation to some of these foreign currencies since last year. In global terms Americans are becoming poorer relative to citizens of most other countries for better or worse.
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