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View Diary: GOP Hospital Executive Calls For Single-Payer (Medicare For All) As Solution To Health Care Crisis (173 comments)

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  •  Health insurance is an oxymoron (2+ / 0-)
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    james321, DSPS owl

    I work in the industry and I'm an economist. Insurance is supposed to be for something that is rare and unlikely - like a car accident. Healthcare is something we all need at least annually, so the insurance model is ridiculous.

    It gets worse because we have built in even more inefficiency by having employers purchase healthcare coverage. Each employer has to have staff and spend $$ to select and to manage the healthcare benefit for their employees. Many employers also customize their benefit packages, so insurers have to distinguish among hundreds of potential benefit packages - which is why your claims get screwed up so easily.

    A single payer system, even if it still used insurance companies (as Medicare does, so the administrative costs of the Medicare program are actually higher than estimates, because some of the insurer overhead is also paid for by Medicare) would eliminate these two huge sources of inefficiency.

    A government that denies gay men the right to bridal registry is a facist state - Margaret Cho

    by CPT Doom on Tue Jun 11, 2013 at 11:13:34 AM PDT

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