Comments on: The strong Canadian dollar http://www.kevinmd.com/blog/2007/11/strong-canadian-dollar.html Tue, 14 Feb 2012 17:18:00 +0000 hourly 1 By: Anonymoushttp://www.kevinmd.com/blog/2007/11/strong-canadian-dollar.html#comment-81641 Anonymous Tue, 06 Nov 2007 04:47:00 +0000 http://clients.emmense.com/kevinmd/2007/11/the-strong-canadian-dollar.html#comment-81641 Pretty soon those "low" Canadian reimbursements are going to look pretty good to US doctors getting squeezed by Medicare/Medicaid and a falling dollar. <br/><br/>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. 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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