...private health insurance companies take thirty cents out of every health care dollar spent while Medicare takes less than ten. What value do they add for this? They insure only the lowest-risk individuals while leaving the rest for emergency room visits, Medicare, and Medicaid. This would be like betting on the favorites each week in football and having the government take the underdogs. And getting odds! When the government seeks to lower the age for Medicare to improve the quality of the pool of insured or establish a parallel government-sponsored insurance plan for those who can't afford or qualify for private insurance the industry cries "Unfair competition!"
How fair is the current system? I'll bet the casinos in Las Vegas wish their odds were as good as the private insurers.
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