But as I originally said, if you can afford to pay for it, it is the best medical care in the world, bar none.
I'm still going to say Switzerland is better, even for those who pay privately for health insurance...
but that is just nitpicking...
But as I originally said, if you can afford to pay for it, it is the best medical care in the world, bar none.
It needs to be fixed, people need to decide though. If were going to have government health care then we have to have taxes to support it and if were going to private health care we need to scrap what ever regulations that are on it and come up with a simpler more streamlined system.
Look up adverse selection and imperfect (asymmetric) information.
Your point?
obviously you need to have good information to make the appropriate decisions on either the business or consumer side.
The pragmatic solution is to limit increases in policy costs to factors of which the consumer can control, like smoking and weight.
Another Idea is for all insurance companies to have to offer a basic insurance plan that cover or helps cover the cost of thing like broken bones and medication.
call it emergency coverage as it covers only the things you couldn't of prevented and have a price that is regulated by the government.
My point is that an unregulated system of privatized health care doesn't work due to adverse selection.
It needs to be fixed, people need to decide though. If were going to have government health care then we have to have taxes to support it and if were going to private health care we need to scrap what ever regulations that are on it and come up with a simpler more streamlined system.
I didn't say unregulated, I said streamlined. Tear down the regulation that has been failing us and build and new more effective and efficient system of regulation. That is the point private market and deregulation, to make simple and effective, regulation is there to make it fair.
You have to balance it some where in the middle for it to work at it's best.
1. You contradicted yourself from what you said earlier.
2. I do agree that regulation is there to make it fair.
3. The idea of a private market is that government can't "make it more streamlined"
4. Private health insurance still has the problem of adverse selection
Why would adverse selection be a problem if there were no regulations limiting underwriting?My point is that an unregulated system of privatized health care doesn't work due to adverse selection.