My spam box is brimming with billions of dollars in winnings and investment opportunities. It is really too bad that the Democrats health care scam can't be added to everyone's spam box. Chapman also makes a good point on competition for health care insurance. In fact I am constantly being solicited from people who want me to change plans.Some statements are inherently unbelievable. Such as: "I am an official of the government of Nigeria, and I would like to deposit $60 million in your bank account." Or: "I'm Barry Bonds, and I thought it was flaxseed oil." And this new one: "I'm Barack Obama, and I favor more competition in health insurance."
That, however, is the claim behind his support of a government-run health insurance plan to give consumers one more choice. The president says a "public option" would improve the functioning of the market because it would "force the insurance companies to compete and keep them honest."
He has indicated that while he is willing to discuss a variety of remedies as part of health insurance reform, this one is non-negotiable. House Democrats, not surprisingly, included the government plan in the 1,000-page bill they unveiled Tuesday.
It will come as a surprise to private health insurance providers that they have not had to compete up till now. Nationally, there are some 1,300 companies battling for customers. Critics say in many states, one or two insurers enjoy a dominant position. But market dominance doesn't necessarily mean insufficient competition.
Microsoft's dominance of software didn't prevent the rise of Google, and Google's dominance of search engine traffic didn't prevent Microsoft from offering Bing. If a few health insurance providers were suppressing competition at the expense of consumers, you'd expect to see obscene profits. But net profit margins in the business run about 3 percent, only slightly above the median for all industries.
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What we are looking at is adding trillions of dollars to the federal budget to help a few people who have not participated in one of the currently available plans and the Democrats want the 80 plus percent of us who already have satisfactory plans to pay for other peoples insurance.
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One way to gauge how the US health care system stacks up against other countries is to ask citizens of each county what they think of their system.
Harris conducted a poll in 2008 to answer that question
http://www.harrisinteractive.com/harris_poll/index.asp?PID=927
Not surprising that 33 % of Americans believe that the American system "has so much wrong with it that we need to completely rebuild it".
Only 12% of Americans thought their health care system was working well.
In Britain, where they have an evil public health care system only 16% of the Brits felt their system needed overhauling.
In fact the 58% of the Brits and 70% of the French are so enamored with their public system that they feel theirs is the "envy of the world".
I'm not sure it is , but you aren't going to find anywhere near that many Americans who feel their private "for profit" free market health care system is anything to crow about.
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