Today’s Washington Post has an article about how there’s already trouble brewing over President Obama’s plan.
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/20/AR2009042003702.html?hpid=topnews
The health care industry lobby is complaining that a governement-sponsored plan would have less overhead and be able to be more efficient, meaning the private insurance companies wouldn’t be able to make as much profit.
See, the government wouldn’t have multi-million-dollar executive salaries at the top and it wouldn’t need to satisfy shareholders, so it could sell an insurance policy for less.
These are some of the same people who have claimed all along that the government is inefficient and can’t provide health insurance.
So, which is it?
The insurance companies don’t want to compete with the government. Here’s what that want: They want the government to mandate that everyone buy insurance from them. That way, all the high-profit healthy people who choose not to buy insurance now will be forced to buy it.
That makes the pool bigger and it’s very high profit.
When it comes to insuring older and sicker people, that’s when they want the government to come in and subsidize the care, which would make their risks even lower and their profits even higher.
The problem is that policymakers are buying into the insurance lobby’s bull, and unless we’re aware of going on and object to it, the insurance companies will walk away with even bigger profits and we’re screwed.
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