DesideriScuri -> RE: A question for Canadians, Brits and any other citizen of a country with nationalize health care (10/8/2013 11:46:56 AM)
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ORIGINAL: eulero83 quote:
ORIGINAL: DesideriScuri The 20% of the premiums that aren't going directly to health care expenditures include employee pay, profits, and administrative costs (buildings, paper, advertising, etc.). IIRC, insurance profit margins are under 5%, so 95% of the premiums gained are spent running the business. just edit in your mind my post changing "profit" with "profit and administrative cost", it's just pointless, the individual spend 25% more than the actual costs quote:
If the cost of each procedure and service was lower, the cost, to an individual for whatever health issue, would be lower. This could lead to fewer people actually needing insurance to afford the care. It would also lower the amount of money an insurance company would have to pay out, reducing the amount of premiums necessary to cover, making insurance more affordable, too. Even if there weren't any fewer people buying insurance, it would still be cheaper than it is today, if the cost of each procedure/service was lower. how much lower do you think they can be? do you think there won't be procedures that just for pure expences will not be affordable by a middle class worker? Do you mean that you think it's better ask a loan to a bank than pay an insurance? What if you'll need a dialysis after the surgery will you hope for a charity to have pity on you? Insurance will be cheaper, too. Dialysis will be cheaper. Heart surgery will be cheaper. The only way to lower costs in the US - at this time - is by getting rid of the excess costs within the system that makes a procedure high. There is going to be a fight in the US over health care and the Constitution. Don't simply listen to me or those that oppose what I'm saying. Just wait. It's going to happen. Once it's all worked out, the US will outspend every other country for health care, and we won't have results that are comparable to the amount we spend.
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