| Khuutra said: If this healthcare plan works and is a lot (lot) cheaper, great! Hopefully it radically reduces (maybe eliminates!?) the number of people who are without insurance. |
My guess is the cost at first will not be much less. Insurance companies today show a profit of only about 4% to 7%. The huge savings will be in the years to come. Today when Insurance companies lobby congress, they do so to change laws that maximize profits. With a Co-Op, the theory would be that they lobby for what’s best for their members.
Also, the cost of high treatment is good for insurance companies. 5% of a 30,000 operation is a lot more income than 5% of a 3,000 one. So cost of procedures going down is counterproductive to the bottom line for an insurance company. To a Co-Op, cheaper is better.
These things however, take time. At least, on all accounts, it’s better then what we have today, to everyone (other than insurance companies).
