"... regardless of who wins, don’t bet against health insurance companies.
Chances are, they’ll win either way, and one way or another, most of us
will be paying even more for health care than we do today. Profits come
first in our health care system."
So says the man that gave a big wet sloppy kiss to Obamacare & democrats. It's probably political but why did it take Mr Potter 16 years to figure this out? I had high hopes for this guy, for once a man in the biz w/a conscience.
Big Insurance serves as an unnecessary middleman. Insurance is redundant. They take your check, skim 30-40% off the top and hand the rest over to your health care provider for services rendered. Most of the time they just take your check while keeping co-pays and yearly deductibles high to keep you from seeking medical care, that's how for-profit group insurance works. They make money when they keep you from using it.
It is long past time for the US to join the rest of the developed world. Taiwan instituted a national health care system (based on US medicare) in 1995 that is comprehensive, cradle to grave, covers everyone with no waiting lists or gatekeepers. It covers all medical, drugs, dental, Chinese medicine, home health care, etc. The cost is about 6% of GDP. From 1998-2012 life expectancy rose 4 years for males and 5 for females due to better care and outcomes. In the US we spend 20% of GDP on health care while most other countries spend 10% or less all with better results. Only an insurance CEO, Hillary or a fool would defend our current system. Even our Medicare is not great -- forcing those with additional funds to pay for Medi-gap insurance to cover what Medicare does not. Medicare in the US only covers select drugs and then at a certain percentage causing most to go without medicine or cut pills, there is no dental coverage and out-of-pocket costs are too high for seniors on limited incomes.