Saturday, March 05, 2011

Getting the Facts Quickly

I had a lot of interesting discussions today where a lot of "facts" were used liberally to support the points. Initially, we got caught up in the correctness of the facts and the debate was about the facts. I realized that we should have just checked on the Internet about the "fact"and confirmed or refuted it.

For example, one person claimed that health insurance premiums for family coverage was $12,000 and that employees couldn't be expected to pay that much. I disputed that employees would need to pay $12,000 per year. As it turns out, the person was correct that insurance costs $12,000 (actually closer to $14,000) but I was also correct since the average premium paid by employees is $4,000 to $5,000.

If we had checked the facts, we could have debated the merits of the health care bill instead of the facts. Next time, I'll know to quickly check the facts so the we can focus more on the issue.

For more on Reflections and Musings, check back every Friday for a new segment.

This is not financial advice. Please consult a professional advisor.

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