mcap56
Posts: 619
Joined: October 26, 2002
From: New York, NY
Status: offline
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The medicare debate is raging on capital hill these days. Perhaps the most important aspect of the debate is on privatization. I find this debate to be particularly perplexing.........
I understand the theory. Introduce competition and let the market efficiencies help to control medicare costs. However, I really have to wonder about the true motives of those in favor of privitization.....
It is an established fact that private insurers do NOT control costs. Anyone with a basic economic education would admit that healthcare doesn't operate according to market principles. Furthermore, the administrative costs of almost all private plans is substantially higher than medicare.
As a health professional, you can witness, first hand, the problems with medicare. It can be a real pain.......but private companies will run to cover the most healthy of our elderly....sticking us all with the bill for those who are most ill. Private plans have not controlled costs and will not be the answer for double digit healthcare inflation and medicare expenditure problems.
I think the people arguing in favor must know this but just don't care....or worse....are trying to scuttle a program that is very popular without appearing to do so.
mcap
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