Sunday, May 04, 2008

Not Enough Health Care to Go Around

Read up, it's a good article.

Under the current system, the winners are the insurance companies. By shrinking coverage to healthier and wealthier people - by charging more for it - insurance companies are raking in huge profits, because these people will not get sick as often. What this is about is maximizing insurers' profits at the expense of consumers. Both healthy, rich people, who pay higher premiums for the same service, and sick, poor people, who receive no coverage, are worse off. If we socialize the risk by way of a universal health care plan, costs will dramatically fall and everyone will be insured. Under that system, the losers are the insurance companies. Boohoo.

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