Tuesday, May 26, 2009

The War on the Public Health Option

By Bill Moyers and Michael Winship
May 26, 1009

In 2003, a young Illinois state senator named Barack Obama told a local AFL-CIO meeting, “I am a proponent of a single-payer universal health care program.”

Read on.

1 comment:

Tom Hagan said...

Bravo to Bill Moyers.

His comments lead to another good question: why do health insurance companies persist in imposing a huge 50% markup on such medical costs as they deign to pay for?

It can't be just greed that drives insurance company executives to make policy holders pay $150 for every $100 worth of medical services they receive; in the "free market", some competitor would undercut their prices. So why the 50% markup when supermarkets can thrive on markups of 2 or 3%?

Clearly, quite aside from its other serious flaws, there must be something inherent in the health insurance business that necessitates very high expenses per dollar of medical services actually paid for. But what?

I'd love to see someone dig into this.