The Health Insurance DebateBy
The Supreme Court has taken up the case of Obama-Care and will decide based on whether or not the individual mandate is “constitutional”, if Obama-Care should stand. I do not believe it will pass this test. I do not believe it should pass this test. It has nothing to do with wanting a better health care system or wanting anyone to go without insurance. It is simply too big a step to allow the government to force us to buy something. Now before people talk about laws requiring motorcycle helmets or car insurance, remember there are millions of people without either of these, legally! You do not have to have a motorcycle, you do not have to drive.
Now to the cost savings. We are pushing all these costs onto who? The “greedy” insurance companies? As an industry, health care insurers rank #86 in terms of average profit, and eke out just about 90 bucks in profit for every policy per year. The have roughly a 3% margin- far lower than most every industry. So when we look to add mandatory coverage, it is sheer folly to think that we can reduce cost. And the rhetoric on the left that simply blames greedy insurance companies is both completely wrong AND completely destructive. It detracts us from the debate that should be going on about the real reasons behind a continual double digit increase in health care costs.
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