The health insurance industry is reportedly not happy with the latest foray into their realm by the Obama administration. According to a
story in the New York Timesthe insurance industry and others wary of too much government intervention vehemently oppose the idea.
Of course the insurance industry opposes any change in the status quo. There are large profits to be made by offering health insurance for a big premium and then denying services whenever possible. The administration is taking baby steps to change the situation.
It is one of the most contentious health care proposals President Obama has floated: offer a federal, Medicare-like insurance plan to anyone, at any age. And let commercial insurers offer their private health plans alongside it.
This is not the universal, single-payer system we need in America today, but at least this is a start.
Under the current Medicare program, expenses run near 3-5% of total costs. Private health insurers are more likely to eat up 15-20% of the total revenue in expenses and profits.
While private health insurance premiums increased an average of 7.3 percent annually from 1997 to 2006, Mr. Hacker (Jacob S. Hacker, a professor at the University of California, Berkeley) said, Medicare spending per enrollee rose only 4.6 percent a year for the same benefits.
Time will tell if or not this proposal is to become law. There is much force on both sides of the issue. My stance remains solid as ever in favor of a government run, single-payer system guaranteeing health care to every person in the nation. Something along the line of Medicare for one and all works best in my mind.
We must find some way to spend our health care dollars better in our nation. We have almost 50 million uninsured people in the nation today and that number is growing daily. As a nation we spend the most money per capita for health care of any nation in the world. Yet we are down the scale in worldwide measures of both life expectancy and infant mortality.
Our current healthcare system is broken to the point of failing. If we do not change this course we face a system that will collapse entirely. The Obama administration at least offers hope for the beginnings of change, but there is much work to be done to insure Congress passes a bill. We must not allow the pressures of the insurance lobby to prevail in this issue. The health of our nation is at stake here.
Peace.