OBAMA approval PLUMMETS to a dreadful 40%

[Viper1]

Ail said:

Viper1 said:

Privitzing it would have the funds placed in an interst drawing account or invested in solid yeild securities and stocks.   Therefore, you get a profit on the provider and lower costs.   And that's just to start.

The bigger area of concern isn't funding vs spending.  But rather inflated costs.   A hospital can charge $5 per Tylenol (the exact same over the counter Tylenol that costs you 11 cents at CVS) because it knows the inurance carrier (including the entitlement programs) will pay it.  The consumer rarely ever bargains these fees unless they are paying out of pocket.   With a truly free market and privatized service, those insurance companies would fight tooth and nail to reduce costs so they can attract more customers.

Note that I'm pointing out the problem being government involvement in the entire insurance system, not just SS.  To truly see results in the system on either end, you have to deal with the problem overall.  You can't just do SS or just government involved insurance.  You have to fix both.  But in doing so, health care costs would drop by quite a lot.

And don't forget the investing part.   A good insurance company would pass on good investment savings on to the customer as part of their business plan.

 

Those entitlement programs are only available to seniors and I don't see those private insurance companies fighting tooth and nail for me right now, seeing how I am not a senior and for all purpose they are the only one on that market. So how you explain that ?

As for passing the savings to the customers , companies only do that when they have a peer that is driving the cost down or when they are afraid to loose customers.

Seeing how we're talking of healthcare customers are not going to do without it even if it gets very expensive, so the only thing that could drive price down is a price war between companies. Seeing how you would have a captive audience that can not do without the product, that is very very unlikely...........

Are oil companies passing their savings to their customers ?Nope, because they know whatever the price, people still need to fuel their car.

 

Besides are we talking of those same insurance companies that until very recently very often refused to take as customers people with existing medical conditions because those customers would not be profitable ???

I just said you have to get the government out of the industry for it to work.  You can't buy health insurance across state lines and for the most part it's tied into your employment.   And the government is involved in many other areas.   Compeition is stifled.   Free market economic balances are gone.  Moral hazard is unchecked.

The oil companies aren't a free market either.  You know, I'l just say it this way, most major market sectors are not free market based anymore.   The US government has its nose way too deep in most fo them to allow free market principles to properly operate.   Look at the bails outs for proof.  Now ALL big businesses have no fear of failure.  Uncle Sam and the Fed will take care of them.   Sound familiar?  The American people no longer feel the need to take care of themselves because Uncle Sam will do it for them.   Hold the hand of a business or a people for too long and they forget how to manage on their own.