Message Font: Serif | Sans-Serif
No. of Recommendations: 2
<<In political discussions it is common to claim that the opposite plans to do "X." When in fact they have made no such statements. This is a device for spreading fear of change. Political arguements need not be based on fact. They may be based on all sorts of garbage. It becomes important to sort these things out when we can.

Speculation about where a political program is likely to go over time is certainly a reasonable thing to do when evaluating political options. And of course government healthcare proposals do that as well, implicitly assuming that they will go on forever despite the fact that they are usually underfunded and vulnerable to collapse, while private medical insurance is usually required to have substantial reserves to cover liabilities.

Medicare started out paying health care providers more or less what they asked, and then in 1980 funding was cut sharply so that access to care became problematic and health care providers often had to subsidize Medicare patients from more generous funding from private paying patients. Medicaid often the same thing, only worse.

The funding for government health care is often unstable and inadequate, as the stupefying unfunded liabilities of Medicare illustrate. Perhaps you have Faith in such programs, but it's not the way I aim to organize my life.

In short, I much prefer spending $818/month for my individual health care insurance to any government health care proposal I've heard about, thank you very much.

Seattle Pioneer
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.