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Reply #8: Medicare for all would be the best thing to happen to health care in this country. [View All]

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reprobate Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-03-07 06:02 PM
Response to Reply #5
8. Medicare for all would be the best thing to happen to health care in this country.


While I am a beneficiary of Medicare and love it as it stands, let's be honest and say that financially it is a worst case scenario. It's a case of insuring those that need health care the most and the most often and most expensive. In the industry it's called Adverse Selection and no private company would allow it. But that's exactly why it was initiated in the first place. Under the current system premiums must keep rising and payments to providers decreasing. Of course, we must increase profits for the Medicare supplement insurance industry, right?

Medicare for all would eliminate those problems. You can't have Adverse Selection if your pool includes EVERYBODY. If you insure both the old and the young they balance each other out so you get lower premiums and larger payments to the health care providers. Everyone benefits except the insurance companies (oh, gosh. Those poor babies!).

And that's just what will eventually happen here. Although eventually can be an awful long time. Remember what Winston Churchill said? Something like "You can always trust the Americans to do the right thing. After they've tried everything else."

But then that's before Bush was thrust into the world.
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