US COVID-19 Mortality Rate Over 7% Now

So, much for the best healthcare in the world. According to John Hopkins, we have 153 cases and 11 deaths giving us a worse track record than even mainland China and Iran.  For-profit healthcare isn't equipped to deal with health care problems on the Macro or Micro level. It is a colossal failure. 

It's amazing, truly amazing, that conservatives continue to say that universal health care will bankrupt the country and cause the death of every living organism on the planet when the simple fact is that removing the "necessity" for health care providers to make a profit lowers the cost of healthcare by 20-25% right then and there.

 

You pay for health care and/or health insurance, you pay its cost plus a nice healthy markup so providers can continue to hand out nice stock dividends and medical CEOs can continue to haul in those multimillion-dollar salaries. Conservatives, of course, want that to continue.

Conservatives want Kevin, and those like him, to pay for the shit that they receive.

Originally posted by: Boilerman

Conservatives want Kevin, and those like him, to pay for the shit that they receive.


I doubt very much that "conservatives want" me to do anything, but I pay taxes. You, on the other hand, are a mooching freeloader.


A Fitch study shows hospital margins to be on the 2% range. 

Investopedia shows health insurance margins to be in the 5% area. 

Kevin's claim of of 20-25% margin is incorrect. 

Originally posted by: tom

A Fitch study shows hospital margins to be on the 2% range. 

Investopedia shows health insurance margins to be in the 5% area. 

Kevin's claim of of 20-25% margin is incorrect. 


I'm not going to check those statistics, but my point was that if you remove the profit motive, health care becomes cheaper. Conservatives bleat that universal health care would destroy the economy. The exact opposite is true--it would strengthen it.

 

What Tom fails to realize--because he's an idiot conservative--is that roughly 20% of all health care costs are billing and administration. Changing to a single payer system greatly simplifies billing. That, plus eliminating the profit motive, does indeed result in a 20-25% reduction in health care costs.

 Because Kevin is a partisan idiot, he won't check my numbers, because he doesn't like to face the facts. 

He prefers to pull numbers out of the air & shen challenged, changes the subject. 

Believe what you want. Be a Trump stooge. Ignore the truth. I can't do anything to educate you.

 

For the people who have a brain, my point is simply that:

 

For-profit system:

1. Pay the actual costs of health care.

2. Earn a profit for the providers.

3. Consume resources in billing with literally thousands of entities.

 

Single-payer government-provided healthcare system:

1. Pay the actual costs of health care.

 

Any simpleton--correction, any simpleton smarter than Tom--can see that the latter option is less costly. The exact numbers aren't important and are only hypotheses at this point anyway. The important takeaway is that when you pay for health care, you pay for the companies to make a profit and literally billions of hours are consumed in billing and administrative paperwork.

Edited on Mar 5, 2020 9:03am

Another Kevin trait - when losing an argument, call people names. 

More info on Medicare costs. They are lower because the IRS collects the taxes for them. SS collects the premiums, runs the website. Health & Human Services handles their building & office costs as well as back office operations such as accounting. Medicare has higher fraud than private insurance. 

Lastly there is economy of scale. Medicare handles more higher cost items. For example, a $25,000 surgical bill costs as much to process as a $200 wellness visit. 

Tom's too stupid to understand the basic concept that when the system no longer has to make a profit, costs go down. I mean--DUH!

 

Medicare and Medicaid are not part of the private healthcare sector. They are government programs. Therefore, they are irrelevant to a discussion of the costs of private vs. public insurance. Again---DUH!

 

Tom loves to bring up irrelevant points, which aside from their dubious veracity, are in no way related to the "argument" he's trying to make. He just pulls stuff out of Sean Hannity's ass.

Edited on Mar 5, 2020 9:23am
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