You more than likely have not worked for a corporation...I have, for 5 different ones...they will NOT just let themselves go belly up...they will find ways to cut expenses and be more efficient in what they do, and expand their business realm, before they would ever give up.Why do you think these outfits will be around if they can't make a profit?Medicare and Medicaid patients only use PRIVATE doctors, and Private Hospitals, and Private Laboratories, etc I would presume this will also be the case with a future single payer health care plan for those under 65....if it ever got in to place?As stated since this debate began. Obamatax is step one to a single payer government healt plan with no private insurance, doctors or pharmaceuticals companies.
Does Medicare and Medicaid follow the same rule?
as Far as the Health Insurance Industry, they will still be around...similar to Medicare, they will get in to the Supplemental Health Insurance policies more, and develop other areas of Business, they certainly would not just "give up", they would diversify more than they have already and give it their all to survive....if we ever went to a single payer plan.
Answer: they won't be.
In the soviet union when they made doctors economically equal to janitors, they got too many janitors and a shortage of doctors.
People will not work for less than what their work is worth. Businesses will go under if they cannot make a profit because there is no reason to struggle hard for no extra gain. It has been the case of man since time immemorial.
And as far as Doctors....they won't give up either....and there will always be humans that want to be doctors regardless of extreme profits being avail to them or not.
Our prices for doctors and labs and hospitals would not be as high as they are if the government had not been subsidizing it. the market would have given resistance to these higher medical fees and charges...this would have kept prices down....what the heck are the Doctors bitching about? they should be kissing government's feet at this point imho.