Are you sure the current overhead is 60%? It’s much higher than 30% which I heard…
And 30% is also still high. Let the insurance companies raise rates – it’ll only pave way for socialized medicine. (which I want) In my opinion, they still make too much money with too much waste – it’s not really efficient system.
don’t get me wrong – I have the most generous insurance from my company, according to the hospitals I visit, and it’ll cost me thousands to buy premiums myself.
But comparing my experience with the level of health care I received back in Korea, this American system is broken. And Korea is not really a top tier country, much more incompetent than the US gov’t – yet they can provide much better service, at much lower cost, to virtually everyone. I think America can do so much better than this.
Anyone who’s been outside US knows this – single payer system is nothing to be feared about and ANY alternative to current U.S. insurance companies would be better.
