If we Socialize Medicine, can we get rid of Insurance Companies?

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by tooAlive, Mar 30, 2013.

  1. tooAlive
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    tooAlive Silver Member

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    I was thinking about it this morning.

    If the government is in the process of socializing medicine and making it available to everybody, wouldn't that eliminate the need for insurance companies?

    I mean, why would there even be any? They don't provide any medical service. If anything they would only slow things down. And I'd also assume they'd artificially drive the cost of healthcare up, as they would essentially be making profits without offering any real value. And they do make quite a bit of profit.

    Wouldn't this also make the cost of healthcare much cheaper?

    I understand this idea is a bit radical, especially for a conservative like myself. But as a fiscal conservative I'm also against waste and inefficiency. Hence, medical insurance companies came to mind.

    What are your thoughts?
     
  2. Sunshine
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    Sunshine Trust the pie. Supporting Member

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    Insurace companies have already driven the cost of health care up. I recall the time when if you had an upper GI you had to go to the hospital to get it. Then reality hit.
     
  3. JakeStarkey
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    JakeStarkey BANNED Supporting Member

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    ACA is the health insurance's industry to get it right. If it can't make the 80% requirement of dollars spent on care and delivery while trying to maintain the outlandish profit and dividend margins (making profit through denying coverage to the ill), then single payer for all (Medicare) will be the next step.
     
  4. JoeNormal
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    JoeNormal VIP Member

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    I think insurance companies would be completely redundant if socialized medicine were available. That's how countries provide a similar health care outcome as the US for a fraction of the cost.
     
  5. bucs90
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    bucs90 Gold Member

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    Government funded healthcare would indeed put the greedy, parasitic insurance companies out of business. The #1 goal of an insurance company is NOT to take care of you. It is to make profit. Their absolute goal is to get as much money from you as they can, and pay out as little as possible. Screw you over. Thats the nature of their existence. Thats it.

    And hospitals have been using insured patients as a piggy bank to make up for the care they give uninsured ones. Procedures you dont need. Care you dont need. Thats why the medical field is dominated by drugs and procedures, and NOT diet and exercise. Diet and exercise aren't profitable. Drugs and procedures are.

    I for one will be happy when the insurance industry is bankrupted.
     
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  6. 9thIDdoc
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    9thIDdoc Gold Member

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    Exactly. Insurance Co's are the problem.
     
  7. ScreamingEagle
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    ScreamingEagle Gold Member

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    if we get rid of insurance companies.....can we get rid of government too.....?
     
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  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Oh sure, let's get rid of insurance companies because dealing with DMV-style health care government bureaucrats will be so much more enjoyable!
     
  9. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Which makes you a total idiot, but we already knew that.
     
  10. JakeStarkey
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    JakeStarkey BANNED Supporting Member

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    The folks in countries with socialized health care live longer, more healthily, for less cost.

    Fact.
     

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