General Discussion
In reply to the discussion: All Repigs and too many "Democrats" have forgotten these wise words of Theodore Roosevelt [View all]Hortensis
(58,785 posts)Most big money just bypasses that in favor of medical devices and pharmaceuticals. There they've taken a stand and are investing vast sums to protect their profits, instead of settling for a cap of 20% of comparative peanuts. But we did achieve an end to denial of coverage for preexisting conditions, an end to lifetime limits for specific illnesses, and an end to not being accepted for insurance at all. These are HUGE -- real life destroyers that are gone. We achieved electronic medical records and new, first-ever standards that providers are required to meet in dozens of realms that end much abuse, waste, and negligence. And much else.
It's not nothing just because private companies are still paid to administer our policies for up to that 20% cap. Note that they do not "insure." Insurance as we once knew it is obsolete, and that will be the downfall of that 20%. Why should we pay more than the 7% Medicare Advantage policies cost over the cost of patient care? Single payer is still coming someday.