No, I'm sure that's right. A few of the big insurers jumped into this after the Medicare Modernization Act of 2003, the market expanded (especially as the Baby Boomers were aging into the system), and the (considerable) risk paid off handsomely. Aetna, United, Humana and even Kaiser (regionally) have really nailed it.Surely this is wrong. Maybe our resident health insurance experts can shed some light on this.Medicare and Medicaid accounted for at least two-thirds of Anthem and Humana's growth since 2010.
No doubt other insurers now wish they had, too. And no doubt that opening up this system to all Americans would also create an explosion of new companies entering the industry, further increasing competition, choice and innovation. That would be outstanding! Single Payer would just be a bad memory.
The thread is about Single Payer and alternatives. Coming up with the best possible health care system for America. This is the obvious way to avoid Single Payer and maintain a strong and dynamic free market component. Perhaps you could explain to us why this conversation has instead gone down this road.
Because what you describe is worse than true single payer, not better. It's the classic story of privatized profits and socialized losses. Many Democrats seem to think that government colluding with business will please free market advocates because it's kinda-sorta like capitalism. But that's not a free market, and it's actually worse than socializing an industry outright.
This is why I've never been on board with your appeals for "moderation" and compromise. Sometimes it makes sense, but often it doesn't. Mixing the greed and profit motive of capitalism with the ubiquitous state of socialism combines the worst of both approaches.
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