Friday, August 28, 2009

More observations on the economy

Second, one of the first causalities of Obamacare was the "public option" provision. This would have set up a government run and funded insurance plan open to anyone. Its proponents said that the provision would provide a little healthy competition to private insurers to "keep them honest." Private insurers are not saints, but they do not need politicians and bureaucrats to "keep them honest." Insurers today are the referees of this game we call a health care industry. Health care providers want to be paid well for all their training and services given to their patients. Patients want the best care possible with minimal out of pocket expenses. Employers want low premiums. Guess who has to come up with a way to appease these demands and stay on a budget. That's right, the insurers. Imagine, if you will, that the health care providers, consumers and employers were all guests at a dinner party. The host is the insurers. A large strawberry cheesecake is placed on the table for dessert. Each of the guests demanded one half of the cheesecake as their well earned slice. Do you still think the insurers are as greedy and evil as our politicians claim?

Also, the public option was a mandate, which is politico-speak for legal requirement. Option means choice. If the public "option" is required by law, it is not a choice or option. The politicians should have called it a public mandate. I think they were afraid the mandate would give away their real intent, to let the taxpayer subsidized "option" be chosen by so many people it would become a single payer system. Under a single payer system, who do you think will control the system. If you said the politicians, move to the head of the class.

Look back at the end of the first paragraph and the dinner party cheesecake dilemma. Now imagine the same situation except the government is the host instead of private insurers. How do you think the government would have handled the dilemma? Based on their past performances in similar situations, I believe they would have ordered 2 more cheesecakes and put the bill on a credit card billable to the American Taxpayers, present and future generations.

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