According to the Congressional Budget Office, the new bill will cost $940 billion over the next 10 years. And it will cover 32 million currently uninsured citizens. This equals $244.79 per person, per month . . . for the next ten years. That sounds reasonable to me. Mind you, this $250 will be going to private insurance companies to offset the risks inherited when they agree to take on “high risk” people, who had previously been considered, un-insurable.
But I’d rather pay my portion of tax to help my fellow un-insurable citizen get covered by a private carrier than to expect the government to administrate his/her healthcare. Insurance companies are good at not spending too much money. Famous for it really. Whereas the government buys $1000 hammers. If I’m gonna have to ante into the insurance pool: I want my money being spent wisely.
Imagine if corporations administrated welfare benefits. Fraud, abuse and waste would be eliminated in short order. Corporations guide themselves by the basic principles of economics. And controlling wastefulness and inefficiencies is the core value of modern business. Privatization of government programs makes a lot of sense to me.
"Imagine if corporations administrated welfare benefits. Fraud, abuse and waste would be eliminated in short order."
ReplyDeleteWhile I agree in general with your opinion of government inefficiency and the overall good that nationwide healthcare can do, which are both highly subjective arguments I may add, I deviate drastically from the idea that corporations will naturally eliminate fraud, abuse and waste.
A number of banks who underwrite the varieties of insurance products have proven their affinity for fraud and their allegiance to bottom-line-obsessed Wall Street. Just recently there was quite literally no money left for these insurance products without direct support from the public bailouts (looking at you AIG). Now imagine if it was welfare on the line? I shudder.
Careful, shuddering is considered a preexisting condition.
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