quote:
But there are worse outcomes in our life than America's insurance industry being nationalized. Just because a self-described socialist wants to nationalize an industry that has caused - arguably - more harm than good

Way to scapegoat insurance.
You do realize that insurance is a conduit? It passes costs from healthcare to the public at risk of loss. Insurance does not create unnecessary cost. It does strive for profit. But no business exists without striving for profit. No profit actually means closure of business or bankruptcy. This is where all of the socialists are idiots trying to drive away profits.

If the government takes over the conduit... if the government nationalizes insurance, it does not fix the cost of healthcare. All it does is less efficiently manages the conduit with no risk of loss (increased taxes). It forces out private health insurance who do suffer risk of loss.

Where is the federal government better than the private sector in our lives?

And for those who have this notion that the federal government can be altruistic and not needing profit. Check out your local county tax commissioner. They pocket 2% of the property tax revenue at no risk of loss. That is 2% of your local tax digest that is kept from local school systems. And for what? Collecting what people are required to pay? Insurance companies strive for 3-4% return at a risk of loss. If that doesnt demonstrate inefficiencies in government... if that doesnt piss you off... I dont know what will.

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Posted by fibonaccisquared

The mystical waters of the Hooch

Member since Dec 2011

16898 posts

Posted on 4/3/20 at 5:35 pm to meansonny

quote:
Insurance companies strive for 3-4% return at a risk of loss

*Most* insurance plans that cover large employers are considered "self insured" (as opposed to "fully insured"), so the insurance company is simply the administrator of the policy, whereas the company actually eats the risk and the insurance company still generates profit in the form of administrative fees which cover substantial commission checks.

That's not to say that insurance companies bear no risk, simply that this facet is overstated in modern plan design. Weirdly, Medicare risk is at least partly owned by United Health Group though... one of the reasons they were so slow to agree to any of the "all Covid coverage should be free" stuff. While that's easy to agree to for BCBS, Cigna, etc, it's a shite-ton more expensive for United.

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Posted by baconwaffle

Houston

Member since Jan 2013

589 posts

Posted on 4/3/20 at 5:38 pm to meansonny

quote:
The Klan. Jim crow. Those arent conservative/republican/libertarian ideas. Shame on you for rewriting history.

While they aren't originally Republican and certainly are not libertarian, they most assuredly are conservative.

Give me a break on the whole "Democrats started them". It's so tired and lazy. All those people are now Republicans. That process started after Johnson (a Democrat) ended Jim Crow with the Civil Rights Act of 1964. And that process finally concluded in 1994 when the last Dixiecrats finally switched parties.

I mean, there is a reason why Tim Scott is literally the only Republican Congressman who is black.

quote:
Where is the federal government better than the private sector in our lives?

It's really a fundamental question about whether you believe every moment of our lives should be geared toward generating short-term monetary profits. The argument goes that certain areas of our life are too important to be monetized for shareholders, be it education, healthcare, national defense, conservation, or something else. Having worked in the public and private sector, I can't really tell a difference in the quality of work by employees. The big difference, however, is in quality of leadership. If we elected better leaders, regardless of party, then government would work better for us. Saying that our government sucks is really nothing more than a self-indictment.

But to answer your question, the military, for one. I don't want a bunch of mercenaries representing the U.S. who were too fat or too stupid to get into the military, but want to be a part of the "thank you for your service culture." And there are plenty of powerful folks salivating to dismantle our military because if given the opportunity to own a mercenary company, it will make them a fortune on the back of American taxpayers.

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