2009-03-24

Health insurers try to bargain their survival

Health insurance companies are offering to charge the same price to those who are sick and those who are not, provided that all American are required by law to have coverage.

This is a stupid approach, and the Obama administration better not buy it. The whole point of a business is to make money, and charging sick people more is good business sense, since they tend to use more healthcare. That being said, I do not believe that healthcare should be a for profit business. The best solution would be to create a large, national, non-profit agency charged with administering the health plan, but this would not be at a profit. When we can finally provide Americans with quality healthcare, we will be able to cut out a lot of overhead (profits of insurance companies) which will likely give more people coverage for less money, which is what we see in other countries.

1 comment:

Anonymous said...

Good points on why insurance companies shouldn't charge sick and well people the same rates. The best solution is that gov't stays out of the insurance business.