Regardless of what President Obama says, his prescription to save healthcare will end up crushing private healthcare and leave the government as the sole provider. Think about it. Obama wants to force insurance companies to accept people with pre-existing conditions.
While this sounds like a good idea in theory, in practice it will bankrupt insurers. What most people don’t understand is that insurance is based on probabilities. Everyone pools their money and no one knows in ADVANCE who will benefit. If someone knows in advance they’ll benefit, then it’s not insurance. It’s systematic wealth redistribution.
Just imagine if the government thought it was a terrible thing for people to go without car insurance and forced insurers to accept car owners with pre-existing conditions, e.g., collision damage. Would anyone think this was a good idea? Of course not. Car insurance companies would go out of business overnight from people without the foresight or desire to buy insurance before they had accidents. In effect, it would lead to massive wealth redistribution from existing to insureds to new insureds.
Of course it’s unfortunate that some people cannot get insurance. But is the solution to socialize medicine and force everyone else to suffer under a healthcare system that will most definitely be plagued with poor service, limited choices, and long lines? I don’t think so.
We should repeal the thousands of government coverage mandates on health insurance companies and let them insure ailments and injuries that people have little or no control over. The rest should be paid out of pocket. When this happens, medical care will be affordable.
Don’t think so. Consider this. Radial keratotomy eye surgery and plastic surgery aren’t covered by insurance. Ever hear of $200k radial keratotomy or plastic surgeries? Of course not. Why? Because people have pay for these surgeries out of their own pocket. When that happens, prices have to drop to a level where people can afford them