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Posted
3 hours ago, nomadpete said:

I believe we should get rid of health insurance companies

Hold that  thought. I am having a disagreement with my fund at the moment. I will withhold comment until it is resolved.

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Posted

You don't REALLY want the Government doing everything. It would be too Cumbersome and people tend to build empires/careers out of a Roundabout. Keep Corruption OUT of things. Shine Lights in dark places. Keep Em Honest. Follow the Money Trail.  Nev

Posted

Not everything but health and education are more expensive under private systems.

As always, insurance companies need to make a profit for their shareholders so it stands to reason that they will overcharge and under deliver whenever they can get away with it.

Our family health cover is around $450/month and we're with one of the better ones. I would much rather pay that in extra taxes and have the public health system improved than give it to overseas investors.

The USA is a perfect example of the worst way to do health care. 

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Posted
18 hours ago, nomadpete said:

I believe we should get rid of health insurance companies and make all medical care into a universal government funded health care programme.

Insurance is a system whereby the high value of a risk is covered through small contributions made by very many people. It's a sort of 'manmy hands make light work'. If the insurer is the government, as is the case with Medicare, at least each person contributing a small amount knows that a chunk of that small amount is not being stripped off and handed to investors, as it is with insurance companies. Of course, not 100% of contributions to a government scheme is used to pay medical expenses. There has to be an allowance for administration costs. But that is better than a system which adds investor returns to outlays and administration costs.

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