Originally posted by: PJ Stroh
Private Health Insurance is only one of about a hundred variables that make our healthcare more expensive than Canada or France. But considering 20% of their revenue goes to shareholders and not healthcare its an obvious difference.
Only in the US does twenty cents of every dollar you pay for premiums go to dividends, share buybacks and executive bonuses. So nevermind the drug companies non-negotiated prices....or the PBM's...or the variable provider pricing...or a hundred other variables. Non-profit insurance by itself would save 20%
Here's a parallel that Tom may be able to dimly comprehend.
How much does he think it would cost to mail a letter or a package if the USPS operated for profit?
Would Ebenezer Frump, who lives five miles west of Chicken Hollow, Kansas on Rural Road 47, get his mail delivered for free? Or at all?
And then imagine somebody says: hey, maybe the USPS shouldn't be tasked with making a profit. Maybe we should just charge whatever it costs to break even.
Lower prices for consumers, no? And no one would be denied mail service because it isn't profitable to serve them.
