One of the toughest things in business is to truly cut costs without hurting the business when you do it. There are two parts to that. First is finding a way to cut costs in one area without causing costs to increase ‘downstream’. A lot of times a cost decrease in one area merely pops up somewhere else.
It is very difficult to get cost cuts to show up on the bottom line. The second part of the problem is to cut costs without hurting the operation or delivering a worse product to your customers. This is really hard! To cut costs without hurting the business or the customer requires a great deal of experience and talent. All good business people know this.
Which brings me to my concern with what Washington now wants to do with Health care. They claim they want to cut costs, add customers and not hurt the product. And the politicians and the bureaucrats will figure out how to do this. No one in Las Vegas would take that bet, but the politicians want the American people to make that bet – and the stakes are the lives of our citizens and the economic future of our children. And by the way, it is a bet that they won’t make for themselves or for their families. Let’s not let them do this to us!
Also posted at Tom Ganley For Senate.
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