Oolinthu said:
j0z said:
Okay, here is a perspective from an American
I don't think it is a good idea. I know that it will help peoplewho are otherwise uninsured have health insurance. I will not deny that. Buy, BUT, I fear that it could push the private health insurance companies out of business, which is a bad thing. Because then the government would have a monopoly on the healthcare insurance industry, and monopolies are not good things.
Because how are private insurance companies supposed to compete with a compete with a company that has unlimited money? (the government)
So, I understand why people will think it is a good thing, but they must understand that our government already has a multitrillion dollar debt, and every year we sink farther and farther, imagine what paying for everyone's healthcare is going to do to the US budget.
I'll admit that I'm not anywhere near as informed on the health care debate as I should be, but there's an obvious flaw in your reasoning there. Since when does the government have unlimited money? To compete with a national health service, private health care companies would either have to lower their prices accordingly, or offer superior care and specialized services that those with enough money will pay for.
Okay, let me rephrase that, because it is not very clear. Okay,the government does not have unlimited money, but they often act as if they did.
Most companies, if they operated at the same deficit as the United States government would have gone bankrupt, because of such operating losses. But most bussinesses when faced with such a shortfall would tighten their belts (okay, not all of them did, but those companies aren't around anymore are they? Except for those the government bailed out.) because they want to make a profit, they want to have a surplus. But the government can, instead of balancing the budget, print more money, which is called
monetizing the debt , which it a very bad thing because it screws with the value of the currency. Since the government is basically making more money to pay for its debts.
You said to compete with the government, the private companies would have to lower the cost of their coverage, they could, but then they might be operating at a loss, which they don't want to do, but the government can do because they don't care.