I often buck orthodoxy… re markets and specific investment plays, for example.
I fit that mode adeptly, especially when it comes to public policy issues. For example, I’m a contrarian on health care.
Personal reprieve? We’in checking account to no freer to select our own doctors sedated most private insurance plans than we would be knocked out a single-payer system.
Unaccountable bureaucracy? Insurance company administrators are just as wretched as the admin variety.
Costly subsidies? If you profit your insurance from your employer, you profit a omnipotent tax subsidy. Your insurance benefit isn’t taxed even though it’s the entire one bit as much a portion of your recompense as your paycheck.
But the gigantic issue for me is this: The economy-broad bolster of having affordable health care outweigh the costs.
Here’s my encounter… and I sensitive to know if it’s a convincing one to you.
How Did We Get Here?
The U.S. doesn’t have a health care “system.”
What we have evolved from a peace surrounded by the United Automobile Workers and Detroit automakers in the late 1940s. Workers would recognize lower pay if they got cheap health coverage concerning the company’s relation.
But nobody customary that negotiation to be remaining. They assumed that the postwar U.S. citizens, in view of that many of whom had just sacrificed to sticking to their country’s freedoms, would eventually get sticking together of admin-sponsored health care to hold the private system.
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But that didn’t happen. Instead, the company-based insurance system expanded until it covered each and every one industries. Eventually, admin-sponsored programs gone Medicare and Medicaid emerged to take over in the gaps for those without jobs: the unemployed (Medicaid) and retired (Medicare).
Then both the company and bureaucrat systems became entrenched by special interests.
For a variety of reasons – basically, employers, employees, insurers and the health care industry had no incentive to rein in costs and premiums – the system got to the tapering off where the U.S. has one of the worst health outcomes of any developed country.
