Thursday, August 20, 2009

The Gormogons: What Does a Health Insurance Policy Cost?

In The Gormogons: What Does a Health Insurance Policy Cost? examines the cost of extending the prepaid medical plans of Blue Cross to everyone in the country.

Not surprisingly, the answer is that the idea is impracticle.

The writer then concludes that life is such that many most go without access to health care.

Arrrgggg!!!!!

He has the conclusion wrong. The correct answer is if the insurance model locks a large number of people out of the healthcare equation, then insurance is fundamentally wrong.

The Medical Savings and Loan concept pushes us close to universal coverage. It is a structured medical payment system that helps people self-finance their care.

There is only a very tiny number of people who are completely incapable of participating in the economy who would need total care. The medical savings and loan pulls separates this group from the rest so that they can be handled by charity or government programs.

The insurance model is inherently flawed. Out of the box thinking tells us that if we want to improve things we must find a way out of the flawed model.

Unfortunately, progressives are wed to the the notion that the Soviet Union was the pinnacle of human existance. Through the years progressives have led the the way in political movements that shove ever greater portions of the population into insurance thinking that a social utopia will somehow sprout forth as insurance moves from the state of corruption of healthcare to total corruption of health care.

Those supporting the American tradition should realize that if the model is flawed, then we need to rid ourselves of the tax incentives for insurance and develop programs to facilitate self-funding of care.

1 comment:

Reach Upward said...

"... thinking that a social utopia will somehow sprout forth as insurance moves from the state of corruption of healthcare to total corruption of health care.

That's a great line.