Private Health Insurance: End Of The Road?
Private Health Insurance companies have made billions by unethical means, by not doing what they were supposed to be doing. Health Net is a company that is a stark example of this. Employees of this company were rewarded based on the number of individual policyholders that could be dropped from the rolls of the insured thus saving the company tons of money.
They have paid for it however in hundreds of millions of dollars in fines as well as court settlements. The man behind this scam Jay Gellert is the new chairman of America’s health insurance plans, which lobbies for private insurance companies. Private insurance companies just don’t want to compete with a public health insurance plan that would hold them accountable and keep their dealings honest.
If there is Medicare for all, private insurance companies will be part of the game as well – selling supplements and processing claims. 47 mn more people would be covered in this case and there would be plenty of work. The arbitrary decisions that deny coverage and affect people negatively would be lacking though.
Over a period of time Medicare for all will cost less and improved health care. Everyone would get medical care in a timely way. So the case for a overarching governmental system of health care is very strong.
