SmarterthanYou
rebel
you said 'sound economic policy'. you did not describe a 'sound medical and health policy'.I'm sorry. I thought I was talking to an adult. You just want to read one sentence and create your own context without understanding the context of what I said. The fucking profit has NOTHING to do with better care for patients, which is the stakes the patient has in the transaction. It is a model that only benefits the insurance cartels...THAT is not sound economics, it is a travesty.
the patient does indeed have 'leverage' because the patient can avoid paying the insurance company and deal directly with the doctor.HERE is what I said. Read past the first sentence this time.
"Of course it could work here, because it is based on sound economic theory. The 'for profit' private insurance we have now is not based on sound economic theory. Anyone with a hint of understanding of a market transaction can see that the patient does not have leverage in the transaction. The incentive for the patient is to get the best care. The incentive for the insurance provider is to find a way to deny care to increase profit.
And insurance corporations know they can't compete with a government plan. The Medicare program that we have is a government-run program that has administrative expenses around three percent. Private insurance corporations administrative expense is around 20-30%."
now, the thing that liberals who support this monstrosity of a health care reform should be questioning their mental faculties for the insanity of bitching about the health insurance industry yet forcing people to give them more money.