Can someone anyone explain how National/Universal Health Care puts Private Health Insurance out of Business ?

Question

Can someone anyone explain how National/Universal Health Care puts Private Health Insurance out of Business ?

Answer 1

Because it raises the costs of providing private insurance and subsidizes the government plan.



The fact of the matter is that the government plan destroys the economic model for anything but taxpayer-paid healthcare.



For example - the government is taxing health insurance and medical equipment and using the revenues to subsidize the government plan. Additionally - the law mandates that eventually there can be no variation in healthcare insurance, all plans will have to mirror the government plan.



And the real sad thing about all of this is that Obamacare does noting to address the reasons why it costs so much to run a hospital or a doctor's office in the US.

Answer 2

I dont know why there is still discussion about health insurance since it is over with and the bill passed in March. We do not have any government health care in the bill. Why do people keep bringing this up? The only government health care is the Veterans Administration. The federal and state governments have a subsidized plan under Medicaid. And under the Medicare program, disabled and seniors pay a monthly premium and 25% of their costs and the rest is paid by the social security trust fund that everyone contributed to during their lifetime.



It is irrational to state that a government insurance plan which most people would not have qualified to buy, would put billion dollar insurance companies out of business even in health care alone. The public option projected an overhead of 2% compared to private insurance overhead of 16% most of which is marketing so I can see why people may think the government would force insurers to go belly up but it is silly. The public option was intended to force prices down by being competitive and make insurance affordable. That is the whole purpose of the health care Act.

Answer 3

42% of the population currently use government health plans. Then 30% have insurance through their job. 15% pay out of pocket for policies and the rest have no coverage.

Many companies will drop health insurance as a benefit once the costs doubles. So now 78% will be using government plan. The rest will pay their own. Those low numbers cannot make private insurance policies profitable enough for companies to remain in business.

Answer 4

Insurers are compelled to sell coverage to each physique at any time, many human beings will purchase coverage purely whilst they're approximately to incur substantial scientific costs, then dumping coverage. it is already occurring in Massachusetts. This will advance the value of coverage for each individual else, in specific people who're to blame sufficient to purchase coverage in the previous they want it; they finally end up paying even bigger quotes. And the costlier the coverage, the less probable human beings will purchase it in the previous they want it. The ill will seek for to purchase coverage and that they are certain coverage. of direction, the coverage quotes would be pushed even bigger. in some unspecified time interior the destiny the quotes would be deemed "uncontrolled" and the government would be "compelled" to chop back fee will advance or supply a backed federal software which will supply decrease quotes. deepest coverage can no longer compete against a tax payer backed enterprise that has limitless deep wallet and as a result has no project with preserving solvency. after which blend interior the actuality that the government mandates who they might desire to cover and could decrease what they are able to cost.

Answer 5

Hi friend



If you want to save money on your health insurance Enter http://FreeQuotesForYou.Info



Really hope I'll help