Here is some more on the Healthcare debate. While watching CNBC this morning I caught an interview with Wendell Potter. Mr. Potter was a Vice President of corporate communications for Cigna until 2008. Here is a link to the interview. It lasts just a little over 8 minutes and is a real eye opener. It's not a huge shock to realize we continue to be duped by the insurance industry, but it was interesting to see a perspective from a twenty year industry insider.
Reading Yahoo! Finance today I came across an interesting piece on 401k plans. Here is a link to the article. This was an interesting quote from the article "What gets lost in all of this is that 401(k)'s were never intended to be a primary retirement vehicle. So what now?" Great question, and while the article talks about an overhaul or reworking of the current 401k system; I think a return to defined benefit pension plans would be a great start. This would get us back to the three legged stool model for retirement where you would have savings, pension and social security.
I have another question. When will we cease to be misled? That answer is more difficult and requires a great deal of work on your part. The reason this is difficult is because there are some big money forces at work that have great sales pitches. These forces want to keep their money and make much more. So a big piece of the answer is to stay informed and seek out knowledge on issues when there are doubts. When you have truthful answers share them. Following the masses over the cliff helps no-one.
