Kirata
Posts: 15477
Joined: 2/11/2006 From: USA Status: offline
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quote:
ORIGINAL: Edwirdquote:
ORIGINAL: Kirataquote:
ORIGINAL: KenDckey Wonder how it is going to be paid for? Well you know, when it comes to insurance, the more widely you spread the risk the fairer the premiums become for everyone, and if you take profit out of the equation then you get the lowest premium cost possible in the bargain, all of which would seem to make single payer pretty much a no-brainer. But for it to actually work you have to balance the amount of money available, the fees that can be charged for the services provided, and the availability of medical personnel, each of which will have interaction effects on the other two. That would require a bureaucracy to administer, with all the associated additional costs, which will predictably expand until they consume any gains. And since there is no bureaucratic element at all existing in corporations, we can see where the edge lies there, as evidenced by the US' most expensive system in the world by 50 % above the next-most. I didn't say that corporations had an edge. But since you mention it, a corporation at least has a motive to limit its administrative costs. If profits slip, investment will follow and its stock value will fall. A government agency feeding on tax dollars has no such incentive. K.
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