NEW YORK (Reuters)- The dwindling prospect of a government-run health insurance plan lifted the shares of managed care companies on Monday and relieved investors who feared the companies could not compete with such a plan.
There's a valid reason private health insurance company investors fear competition from a government sponsored health care plan --- cost and efficiency.
It's like Vermont Senator Bernie Sanders observed at the beginning of the health care reform debate -- if a government run health care plan is such a godawful idea, why are the private companies shitting in their pants at the prospect of it?
I'll tell you why. It is because private health insurers know that Medicare, a socialized, government run program has been so successful and wildly popular with the American people, that an equivalent program for the rest of us would very likely force private insurers to offer better services at more affordable rates to consumers along with restrictions on their ability to deny coverage for pre-existing conditions and expensive illnesses. In other words, no more obscene profits, no more multi-million dollar payouts to CEO's and executives. Better control of spiraling costs and finally - more accountability to plan purchasers.
But horror of horrors -- we cannot allow something that good to happen to the American people now can we! Ohhh the humanity!!
----k
No comments:
Post a Comment