motherbird

General Electric's Healthcare Disappointment

Insurance is nothing more than privatized socialism. The patient has no incentive to be efficient because he "paid his premiums," and the medical providers desire to extract as much money as possible from the pools of premium monies is hardly restrained by a bureaucrat far removed from the patient/doctor exchange.

Because of the patients lack of incentive and the medical providers unrestrained incentive, health care costs have escalated to bubble like proportions. So much so that the word doctor has become synonymous with millionaire.

Both privatized insurance and socialized insurance, are doomed to collapse because both circumvent the consumer/producer negotiations.

Are we approaching that point? Is the bubble bursting in the health care industry? Politicians sure have been talking up solutions to rising health care costs over the last number of election cycles. The problem is that their solutions are what created the bubble in the first place (ie socialized medicine in the form of medicare and medicaid.) Now they want to expand the program to cover everyone beyond just seniors. If the politicians get their way, there may be another leg up for the health care providers with the expanded pool of new monies brought on by coercing all to participate in health care socialism.