Oct. 13th, 2009
I am so tired of this topic, but...
Oct. 13th, 2009 10:53 amHere's the problem with the argument that more competition in a free market will lower health insurance costs:
The larger the pool in an insurance plan, the cheaper the plan. Having more companies offering more plans will make the pools smaller and people will HAVE TO PAY MORE. That is how economics works. More competition is garbage and will not work.
Therefore, for the absolutely lowest health insurance costs, you need the largest pool possible. What's the biggest pool in America? EVERYONE. Guess what everyone in a single awesome plan is called? SINGLE-PAYER.
Get it. Get it now. Sorry, insurance companies, but you are the suck. You tried, you failed. Get out of the way.
The larger the pool in an insurance plan, the cheaper the plan. Having more companies offering more plans will make the pools smaller and people will HAVE TO PAY MORE. That is how economics works. More competition is garbage and will not work.
Therefore, for the absolutely lowest health insurance costs, you need the largest pool possible. What's the biggest pool in America? EVERYONE. Guess what everyone in a single awesome plan is called? SINGLE-PAYER.
Get it. Get it now. Sorry, insurance companies, but you are the suck. You tried, you failed. Get out of the way.