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Reply #14: You contradicted yourself on your way to the pizza [View All]

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PSPS Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-24-10 08:05 PM
Response to Reply #4
14. You contradicted yourself on your way to the pizza
The idea is to have a single-payer plan. That way, there are no vulgar profits and dividends to pay skim of the pool of money intended to provide care. Also, if everyone were covered in a national plan administered by Medicare, the overall cost to citizens would actually go down:

1. Monthly premiums to private insurance companies are eliminated

2. Taxes go up to fund the coverage.

The money saved by #1 is greater than the cost in #2, hence it saves money.

And with a single risk pool (the entire population,) the pool-based premium would be less (in many cases, far less) than private insurance premiums are today even with the cherry picking the private insurance companies get away with.
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