When it comes to healthcare, conservatives seem to think that if we got government out of healthcare costs would be a fraction of what they are today. It might well be cheaper, but I think it would still be well beyond the reach of tens of millions of people.
So when government pays for healthcare, there's no cost! gotcha
Of course there's cost. Government subsidized healthcare distributes the cost based on the ability of people to pay
That was my point
In the US, healthcare is only partially subsided so we use insurance as mechanism to transfer the costs.
The product of government schools are just sad.
No, actual insurance is to pool the risk, not the cost. Spreading the cost is welfare, it's what government does.
I'm not sure why the word "Marxism" bothers you people so much. You quote from the manifesto all the time, like "ability to ... pay." If you're a Marxist that's your choice, but why can't you just be honest about it?
Transferring wealth on the ability to pay has zero to do with insurance. In actual insurance, you pay your ex-ante expected costs. When you transfer wealth based on the ability to pay, you know you are not paying your ex-ante expected costs and you're expecting others to pay more than their ex-ante expected costs
I didn't say government insurance spread cost. I said it transfers the cost; that is it transfers payment of individual healthcare cost to government insurance paid by the government from taxes and fees collected from subscribers.
The major difference between private insurance and government insurance such as Medicare is premiums are paid out of taxes and beneficiary contributions. Another difference is that Medicare has no multi-million dollar CEO and administrative salaries to pay and does not rack up tens of billions of dollars in profits.
Medicare unlike private insurance offers only one policy where large private insurers offer hundreds of policies to meet the needs of employers and to meet state insurance requirements which increases the cost of claim processing and customer service. Medicare has no marketing costs, no sales personnel, no advertising, no free health club memberships, no 24 hr nurse hotlines, no mail in pharmacies, and no account services. Unlike private insurance, Medicare is exactly the same in every state and operates under the same regulations. Private insurance varies greatly from state to state due to state regulations which adds significantly to their operating costs. Medicare just process claims under the same rules for every state.. This is why Medicare can serve 49 million people with only 6,000 employees while a company like Aetna Healthcare serves 47 million with 25,000 employees.
