Discussion:
Health Insurance is Socialism - Do You Really Deserve Health Care If You Can't Pay Cash for It?
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Cornelius Crane
2018-12-02 21:59:15 UTC
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Health Insurance is Socialism

This is the dirty little secret that we are not supposed to talk
about. Health Insurance is nothing but a wasteful, inefficient
form of socialism. Republicans are trying to convince young
healthy people that insurance is a bad deal, that in the
aggregate, they will pay more in premiums than they will receive
in benefits. And they are right!! In order for the insurance
industry to turn a profit, they must rake in more in premiums than
they pay out in claims. These repubs don't seem to understand how
insurance works, or at least they are playing dumb. An insurance
plan is a social contract. The members of the society (those
paying premiums) have agreed to pay to protect everyone in the
society from future misfortune. Without a government-run
"socialist" health system, we rely on private insurers to
administer our socialized medicine, adding cost in the form of
profit and administrative costs.

In order for this profit to be anything but a horrendous waste of
money, insurance companies must provide a cost saving benefit
greater than the profit it extracts. Prior to the ACA, the
practice of denying coverage and deciding which procedures were
medically necessary did technically reduce costs (A long as you
don't count death, suffering, and personal bankruptcies as costs).
Even still, these cost saving methods were horribly inefficient,
driving millions of people away from insurance and into the
emergency room for the most expensive type of care.

When I was a "young healthy", I waited until I had a 103 degree
fever and literally dragged my ass 1 mile to the nearest hospital.
Extremely dehydrated and suffering from a severe case of strep
throat, I was admitted, hooked up to IVs, and spent 3 days in the
most expensive "hotel" in Pittsburgh (Shadyside Hospital). The
bill was $18,500 (And this was 1997. I shudder to think what the
damage would be today). The taxpayers of Pittsburgh and insurance
policy holders split the bill. Socialism.


https://www.dailykos.com/story/2013/8/22/1232977/-Health-
Insurance-is-Socialism
Cloud Hobbit
2018-12-02 22:41:28 UTC
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Post by Cornelius Crane
Health Insurance is Socialism
This is the dirty little secret that we are not supposed to talk
about. Health Insurance is nothing but a wasteful, inefficient
form of socialism. Republicans are trying to convince young
healthy people that insurance is a bad deal, that in the
aggregate, they will pay more in premiums than they will receive
in benefits. And they are right!! In order for the insurance
industry to turn a profit, they must rake in more in premiums than
they pay out in claims. These repubs don't seem to understand how
insurance works, or at least they are playing dumb. An insurance
plan is a social contract. The members of the society (those
paying premiums) have agreed to pay to protect everyone in the
society from future misfortune. Without a government-run
"socialist" health system, we rely on private insurers to
administer our socialized medicine, adding cost in the form of
profit and administrative costs.
In order for this profit to be anything but a horrendous waste of
money, insurance companies must provide a cost saving benefit
greater than the profit it extracts. Prior to the ACA, the
practice of denying coverage and deciding which procedures were
medically necessary did technically reduce costs (A long as you
don't count death, suffering, and personal bankruptcies as costs).
Even still, these cost saving methods were horribly inefficient,
driving millions of people away from insurance and into the
emergency room for the most expensive type of care.
When I was a "young healthy", I waited until I had a 103 degree
fever and literally dragged my ass 1 mile to the nearest hospital.
Extremely dehydrated and suffering from a severe case of strep
throat, I was admitted, hooked up to IVs, and spent 3 days in the
most expensive "hotel" in Pittsburgh (Shadyside Hospital). The
bill was $18,500 (And this was 1997. I shudder to think what the
damage would be today). The taxpayers of Pittsburgh and insurance
policy holders split the bill. Socialism.
https://www.dailykos.com/story/2013/8/22/1232977/-Health-
Insurance-is-Socialism
Insurance companies do not rely on premiums for their income.
They take the money they get in premiums and invest at least part
of it.
Kevrob
2018-12-06 13:15:36 UTC
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Post by Cloud Hobbit
Post by Cornelius Crane
Health Insurance is Socialism
https://www.dailykos.com/story/2013/8/22/1232977/-Health-
Insurance-is-Socialism
Insurance companies do not rely on premiums for their income.
They take the money they get in premiums and invest at least part
of it.
Whoever wrote that for the kosniks doesn't realize that free marketers
have no problem with VOLUNTARY socialism, as opposed to coerced, state
socialism. Other examples: credit unions, co-operatives, benevolent
societies, and even firms that issue stock and trade publicly: anybody
who wants to be a co-owner can buy a share!

It's the coercion, not the co-operation, that makes socialism
morally questionable, regardless of its effectiveness.

---
Kevin R
a.a #2310
JWS
2018-12-06 18:57:37 UTC
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Permalink
Post by Cloud Hobbit
Post by Cornelius Crane
Health Insurance is Socialism
This is the dirty little secret that we are not supposed to talk
about. Health Insurance is nothing but a wasteful, inefficient
form of socialism. Republicans are trying to convince young
healthy people that insurance is a bad deal, that in the
aggregate, they will pay more in premiums than they will receive
in benefits. And they are right!! In order for the insurance
industry to turn a profit, they must rake in more in premiums than
they pay out in claims. These repubs don't seem to understand how
insurance works, or at least they are playing dumb. An insurance
plan is a social contract. The members of the society (those
paying premiums) have agreed to pay to protect everyone in the
society from future misfortune. Without a government-run
"socialist" health system, we rely on private insurers to
administer our socialized medicine, adding cost in the form of
profit and administrative costs.
In order for this profit to be anything but a horrendous waste of
money, insurance companies must provide a cost saving benefit
greater than the profit it extracts. Prior to the ACA, the
practice of denying coverage and deciding which procedures were
medically necessary did technically reduce costs (A long as you
don't count death, suffering, and personal bankruptcies as costs).
Even still, these cost saving methods were horribly inefficient,
driving millions of people away from insurance and into the
emergency room for the most expensive type of care.
When I was a "young healthy", I waited until I had a 103 degree
fever and literally dragged my ass 1 mile to the nearest hospital.
Extremely dehydrated and suffering from a severe case of strep
throat, I was admitted, hooked up to IVs, and spent 3 days in the
most expensive "hotel" in Pittsburgh (Shadyside Hospital). The
bill was $18,500 (And this was 1997. I shudder to think what the
damage would be today). The taxpayers of Pittsburgh and insurance
policy holders split the bill. Socialism.
https://www.dailykos.com/story/2013/8/22/1232977/-Health-
Insurance-is-Socialism
Insurance companies do not rely on premiums for their income.
Cool! I'll just quit paying my premiums. Dumb ass.
Post by Cloud Hobbit
They take the money they get in premiums and invest at least part
of it.
v***@gmail.com
2018-12-06 12:06:40 UTC
Reply
Permalink
Post by Cornelius Crane
Health Insurance is Socialism
This is the dirty little secret that we are not supposed to talk
about. Health Insurance is nothing but a wasteful, inefficient
form of socialism. Republicans are trying to convince young
healthy people that insurance is a bad deal, that in the
aggregate, they will pay more in premiums than they will receive
in benefits. And they are right!! In order for the insurance
industry to turn a profit, they must rake in more in premiums than
they pay out in claims. These repubs don't seem to understand how
insurance works, or at least they are playing dumb. An insurance
plan is a social contract. The members of the society (those
paying premiums) have agreed to pay to protect everyone in the
society from future misfortune. Without a government-run
"socialist" health system, we rely on private insurers to
administer our socialized medicine, adding cost in the form of
profit and administrative costs.
In order for this profit to be anything but a horrendous waste of
money, insurance companies must provide a cost saving benefit
greater than the profit it extracts. Prior to the ACA, the
practice of denying coverage and deciding which procedures were
medically necessary did technically reduce costs (A long as you
don't count death, suffering, and personal bankruptcies as costs).
Even still, these cost saving methods were horribly inefficient,
driving millions of people away from insurance and into the
emergency room for the most expensive type of care.
When I was a "young healthy", I waited until I had a 103 degree
fever and literally dragged my ass 1 mile to the nearest hospital.
Extremely dehydrated and suffering from a severe case of strep
throat, I was admitted, hooked up to IVs, and spent 3 days in the
most expensive "hotel" in Pittsburgh (Shadyside Hospital). The
bill was $18,500 (And this was 1997. I shudder to think what the
damage would be today). The taxpayers of Pittsburgh and insurance
policy holders split the bill. Socialism.
https://www.dailykos.com/story/2013/8/22/1232977/-Health-
Insurance-is-Socialism
All insurance is spreading the risk.
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