Long Island Coalition for a National Health Plan

March 5, 2008

Pitfall of Plans

Filed under: healthcare, Insurance — Tags: , , — nhplan @ 12:21 am

The three major party candidates for President–John McCain, Hillary Clinton and Barack Obama–all have the same flaw in their approach to our national disgrace of 47 million uninsured, mostly working Americans, in the richest country in the world. They are oblivious to the mathematics involved.

They favor so called choice of PLANS, when what we need is only one choice. Complete coverage for all sickness.

The so called choice of plans means that the affluent will buy the best coverage, and the less than affluent will have to settle for less coverage. Premiums are based on the quality of coverage, which is based on the actuarial tables of the for profit insurance companies.

That means you can’t achieve universal care from private for profit insurance.

The solution is simple: Follow the cardinal rule of economically sound insurance known to the industry as “Spread the Risk”. The more people in one insurance pool, especially a non-profit pool, the lowest cost per person is achieved. The mechanism to do this has been with us for over 40 years. It’s called Medicare.

Why not expand it to cover non seniors as Harry Truman reportedly said at the signing of the Medicare Bill in 1965: “I would have preferred if it covered everybody, not just the seniors.”?

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