Not the perfect solution but much better than what we’ve got.
Talking about health insurance, I heard on NPR about the origin of Blue Shields, you know the one that recently jacked up premium near 40%?
Blue Shields started out in 1930’s as a sort of non-profit health insurance organization. Boy scouts and preachers preached and canvassed neighborhoods to have citizen sign up for it. The goal of Blue Shield was HEALTH of people. But as for-profit, private insurance companies started offering ‘better’ deals to young/healthy people, more and more sick/older people ended up with Blue Shields.
To combat this loss, Blue Shields thought they could compete better if they went private and offered IPO to raise capital. And we all know what that’s come to… 40% increase in insurance premium…
For-profit insurance companies cannot be offering health insurance. If they do, strong competition should exist to keep them honest. Just think about it, a for-profit company will do whatever it can to raise revenue (as it rightfully should). And than means people who really need it being kicked out of the program…
