The Wall Street Journal article,
“The End of Private Health Insurance. When government ‘competes,’ guess who always wins? quoted here that talks about the end of private insurance as we know it.”
The following is an exerpt from the WSJ article describing how universal healthcare would work:
“This public option will supposedly “compete” with private alternatives. As President Obama likes to put it, those who are happy with the insurance they have now can keep it — and if they happen to prefer the government offering, well, gee whiz, that’s the free market at work. The reality is far different. Not only will the new program become the default coverage for the uninsured, but Democrats intend to game the system to precipitate — or if need be, coerce — an exodus to government from private insurance. Soon enough, that will be the only “option” left.“
Our current system is most definately flawed, but what motivation will providers have to continue in private practice if the Medicare sets the rates. Currently, in diagnostic imaging for example, the provider barely covers cost, let alone make any profit at all. Small independent facilities that offer a better out-patient experience are effectively reimbursed at a lower rate than a hospital using the same diagnostic equipment. Many insurance contract prices are already tied to Medicare rates. Many doctors will no longer accept Medicare patients, again due to the reimbursement. If Congress insists on reducing the cost of Medicare on the backs of the providers, they will find themselves without anyone to do the work.
This is what we have to look forward to if we allow Congress to expand Medicare to cover everyone.
P.J. O’Rourke said, “If you think healthcare is expensive now, wait until it is free.” Very aptly put.
Tags: Healthcare,+medicare,+medical+insurance, politics,+opinion,+universal+healtcare,+medicaid