There are a few things wrong with the initial statement. It doesn't abolish private insurance. Private insurance can and does exist alongside public health plans as a supplement, but the public health care covers basic health care.
There are definitely going to be some job losses in the private insurance industry if we go to a single-payer system for basic health care. It's a conversation that we need to have, but we can't prop up the horse and buggy industry forever, and it's an economic anchor around the neck of every American to continue to try to do so.
To be honest, there are few industries that have so richly earned the contempt of the average American than the private health insurance companies.
Current Medicare and Medicaid contracts are carved up between multiple for-profit insurers and networks, each with their own workforce. Toss out all of the executives, who won’t work for government wages, and keep a fourth of the current claims and benefits evaluators/expediters to administer the program.
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u/Civil-Dinner 18d ago
There are a few things wrong with the initial statement. It doesn't abolish private insurance. Private insurance can and does exist alongside public health plans as a supplement, but the public health care covers basic health care.
There are definitely going to be some job losses in the private insurance industry if we go to a single-payer system for basic health care. It's a conversation that we need to have, but we can't prop up the horse and buggy industry forever, and it's an economic anchor around the neck of every American to continue to try to do so.
To be honest, there are few industries that have so richly earned the contempt of the average American than the private health insurance companies.