The knock-on effect – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

The knock-on effect

May 13, 2013

Dear Sir,

Today's article in

The Royal Gazette about how expatriates leaving the Island contributing to the cost of healthcare rising as they were a relatively healthy class of healthcare users thus subsidising healthcare for Bermudians by their contributions, but lack of claims. This ties in with the Belco statement not long ago.

Does the PLP see the effects more clearly now or is the smoke and mirrors they put up for over a decade still making the picture unclear?

Bob Richards was totally correct, also, when he said Bermuda never should have gotten into the economic state we are now in for two reasons: 1. The PLP were long forewarned about the impending downturn and 2. One industry that didn't dip in the world recession was insurance/reinsurance as disasters still occur, people still made claims and needed insurance.

The PLP totally snubbed the warnings and due to their volatile treatment of expatriates business owners scared off investment in Bermuda. Studies have shown that more Bermudians lost jobs because of the term limits policy, as expatriate businesses left, Bermudians employed by them were made unemployed. It was nothing more that a band-aid procedure to make the public think they were acting in their interest.

ROBERT DAVIES

You must be Registered or to post comment or to vote.

Published May 14, 2013 at 9:00 am (Updated May 13, 2013 at 11:05 pm)

The knock-on effect

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon