To be clear, I don't think there is anything wrong with privatization in most industries; indeed, I see limited utility in nationalizing the postal service. But since insurance is by its nature a business where profits are always going to far exceed the services provided, I can't help but consider privatized insurance a scam; other privatized industries make profit, sometimes large ones, and there is nothing wrong with that; but they are nearly always performing some kind of labor on behalf of their consumers, and their profits are smaller. In contrast, privatized insurance collects massive profits for doing nothing, most of the time.
I would trade a nationalized postal service for a nationalized insurance program any day.
When has the government ever done a "re-apportioning" of profit, which is the wrong word BTW since the government isn't investing anything, they are taking from citizens in the form of more taxation. Insurance isn't a scam, some companies are, if you have to buy a ton of riders just to cover probable or possible conditions or diseases chances are you have a bad policy. Nationalized healthcare is a scam because:
a) The only way to implement it is to eliminate private competition and thus force people into it to inflate numbers
b) it has no profit mechanism so it will always require more funding, which comes from taxes
c) it leads to diet and behavior control and rationing to protect "the people's" program
d) There is no way to get rid of it since there is no competition and no other options
e) Everyone will be in the same bad way when quality slips, except for the snake oil salesmen in Washington an a select few groups of contributors and political backers as exempted by law. Why do you think they don't want to join this "brilliant" system?
Sounds like a scam to me.
I hear many horror stories about nationalized health care (which aren't getting), but nationalized health care nations still rank higher than us in terms of efficiency. If you want horror stories, I can provide an abundance involving private insurance. For that matter, private insurance companies demand diet and behavior control, or they will refuse to finance certain operations.
As far as "re-apportioning" profit goes; what I mean is a nationalized insurance program has no need of the massive amounts of money it is making from, say, home owner's insurance, or car insurance, which most people never use, or rarely use, and never anywhere --
never anywhere near -- to the amount they pay. Since I don't think a privatized industry has the right to that kind of profit, I would prefer to see it in the government's hands.
Simply put, a service where you pay overwhelmingly more than what you receive is a scam. That sums up insurance pretty nicely; almost everybody is always paying far more than you receive.
With a nationalized insurance program, I imagine taxes would be far less. One rationale for nationalizing the postal service is that it provides a source of revenue besides taxation. With nationalized insurance, taxation could very well become a thing of the past.
Haha, not really. But it would be far reduced.
