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Politics : View from the Center and Left
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To: gerard mangiardi who wrote (58701)4/11/2008 6:51:42 PM
From: TimF  Read Replies (1) of 542685
 
There is no doubt that their would be savings of at least 15% on the nations bill cutting out corporate profit alone.

I think we should hesitate before "having no doubt" about the effects of changes to very complex systems. For one thing most insurance companies don't have a 15% profit margin, let alone a margin that is large enough to not just equal 15% of their revenue but 15% of all health care costs (which would require a much larger than 15% margin). Than you also apparently want some private insurance (2 tiered system) and that insurance would presumably be a largely for profit activity.

And on top of all that there is the uncertainty. If the current health care profit - the much smaller health care profit estimated for a two tiered system, would equal say 3% of health care costs, you don't know that the change would actually reduce costs by those three percent.
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