- Joined: May 2016
Correct, and it also leads to actual "death panels" in the health insurance system as their bean counters jack up the prices for those who need health care the most. to the point of unaffordability! It has developed into its "current monstrosity" as Mr. Tracey calls it, because of the motive of maximizing profits. Government regulation has nothing to do with that! Also, Mr. Tracey, nobody is suggesting that health care should be free. We just want to pay a reasonable cost for it, as do the people in every other developed nation. We would also like to have a best-in-the-world health care system judged on the basis of outcomes, instead of being 37th in the world, as we are now under our current "system"!
Medicare, the only system we have that approximates Single-Payer, has administrative costs of between 2% and 3%, as compared to for-profit health insurance which has administrative costs between 25% and 30%. The most important thing about it if we adopt single-payer is to have it cover ALL health related issues without a deductible. It should cover not only sickness, but also dental, hearing, vision and mental health!
Well-regulated capitalism led to the longest period of continuous growth without a major recession or depression in US history ( about 70 years). When major de-regulation was employed - particularly of the banks, it took less than 10 years for the wheels to come totally off our economy in 2008. QED!