a reply to: JinMI
As someone who served for 10+ yrs as a trustee of 4 separate multi employer benefit trust funds with a little over 3,000 beneficiaries and $500+
million in assets, part of what we did was to oversee the administration of health & welfare benefits.
My experience tells me that we have several culprits in our healthcare mix who cause the bulk of our gloom & doom, but it really just boils down to
taking capitalism or profit out of healthcare delivery.
Private, for profit, healthcare insurance providers are publicly traded corporations with an obligation to produce year over year profits for their
shareholders and the way you generate profits in the insurance industry is by finding ways to NOT pay as many claims as possible.
Their job is to make money, they are not in it to make sure you have a positive healthcare outcome.
Then we have the big pharma industry, who basically has the same profit motives as healthcare insurance providers, with their own set of wholesalers
and distribution middle-men, each with their own mark-ups, who drive the cost up even higher.
Then we have the bargaining power of 300 million American consumers being diluted by the fact that our voice, like our patronage, is split up amongst
numerous insurance providers & plans.
IMO, the only reasonable answer is to adopt a not-for-profit, single-payer, "Medicare For All" system that is truly universal. A system that delivers
basic healthcare to everyone and everyone other than the indigent pays their share of tax to support it.
I know you don't like forcing people to purchase healthcare insurance coverage, but the biggest single factor lowering the cost of any healthcare plan
is the size of the pool of beneficiaries. The bigger the pool, the lower the cost.
By adopting a single payer system similar to those utilized by most of the industrialized world, we can eliminate the useless & costly aspects of our
current healthcare delivery system that use up precious resources for things like advertising, CEO salaries, claims denial departments and profits for
Furthermore, we would be uniting the bargaining strength of 300 million American consumers into one very powerful voice that will actually have some
real influence in the healthcare & pharmaceutical marketplace.
It's the only way to get the biggest bang for our healthcare buck while not letting anyone slip through the cracks.