And your argument ignores the fact that many doctors don't accept Medicare/Medicaid (a supposedly "simple" system by your estimation) because of the labyrinthine billing process and codes associated with it.PureFodder wrote:
It cuts out, for example, huge amounts of waste by running a single centralised admin as opposed to immense billing departments in every hospital to sort out the myriad of paperwork created by having thousands of different policies and companies that have to be understood and acted upon correctly by the hospital doctors and patients. One of many expenses in a private system that don't occur to any sensible extent in a socialised system.FEOS wrote:
That doesn't address the problem of costs. All it does is transfer the costs to the government instead of private industry. Which transfers the cost to taxpayers instead of consumers--which are not necessarily one and the same. Which in turn transfers the costs from business expenses to government deficit additions.PureFodder wrote:
Medicare/medicaid is going to do that at the current rate. The problem with the rest of the system is that is will cripple the rest of the economy by making every employer fork out a vast amount of their profit margins on health insurance of their employees. This has obvious impacts in reduced spending in other sectors and will reduce the ability of US companies to compete with foreign goods and services who have much more managable healthcare costs through taxes.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular