Change I’d Believe In
Via Dennis Perrin, who remains justifiably skeptical that there’s Hope for Change, a perfectly simple solution:
…the market capitalization—the value of all the outstanding stock—of the publicly traded health insurers is about $150 billion. Add a little premium to sweeten the pot and you could nationalize the lot of them for about $200 billion. The total administrative costs of the U.S. healthcare system, which are greatly inflated by all the paperwork and second-guessing of docs’ decisions generated by the insurance industry, are about $400 billion a year. Those administrative costs are about three times what a Canadian-style single payer system would cost. So that means we’d save about $250 billion a year by eliminating the waste caused by our private insurance system.
In other words, the nationalization could pay for itself in well under a year.
Ding! We have a winner!
Oh, and in case you’re wondering what the hell kind of socialist I am: I’m the kind that thinks health care falls ought to fall into the same category of public service as your local fire department, that’s all. I’d also like to be over and done with the way we do health insurance today, and I can’t understand why anyone is defending such a disgusting, avaricious industry. (You think we don’t already have death panels?)
Tags: assholes, bad policy, great minds, politics, stupidity
