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Politics : View from the Center and Left
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To: epicure who wrote (52025)3/6/2008 1:13:13 AM
From: TimF   of 542426
 
A big problem is that when you suck profit out of a system, you are by definition taking money out of the system to distribute to other people

Ignoring for a moment the benefits of the profit motive, and just looking at profit as total waste, the profit of insurance companies isn't high enough to explain the differences in health care costs between the US, and Canada, Japan, or the EU countries.

Profit systems almost never give you the best product at the best price- not for long, anyway

In general, they are more likely to do so than other systems. Whether or not health care insurance is some sort of exception is widely argued, but even most of the people arguing for a socialized health care insurance system don't generally argue for socializing everything (and mostly don't argue even for a directly socialized medical care system, they expect to keep the profit here, they just want to take it out of insurance)
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