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Strategies & Market Trends : BAK - Investing
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To: Spekulatius who wrote (3061)7/11/2012 7:53:48 AM
From: normlasky  Read Replies (2) of 3249
 
Re: WLP - anybody likes this health insurers.What got my attention is that they

It's common knowledge that heath costs per person in the United States are double Canada, Japan and most European countries and our life expectancy averages 1.5 years less. Also, the quality of healthcare in most industrialized countries outside the US is quite good. In fact, I saw a ranking recently where US health care quality ranked about the same as our math and science skills - way down the totem pole.

Our health care costs are unsustainable. We need to cut our health care costs by $3600 or 50% per person to be competitive. We need to end free rides to the ER. We need individual mandates. As a nation we need to maintain kindness and generosity as core values but get rid of altruism which is our real enemy.

I think a good starting point is a single payer system. I think it would reduce health care costs annually by $1000 per person. You can call it socialism but it would make our country more cost competitive and spur free market capitalism. Of course, the health insurers would get wiped out but that is the result of becoming much more cost efficient.

The Republican party has turned into a party of old, fat and white folks. They have alienated minorities who will become the majority in the coming years. The Latino population already makes up 16% of the population.

The writing is on the wall. Only a matter of time imo that health insurers become a thing of the past.
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