I agree. I wouldn't mind trading the private bureaucrat who determines if I get care (and gets rewarded for containing the medical loss ratio * ) for a government bureaucrat who determines if I get care.
The point I agree with is that the very high medical expenses in the US aren't just going up in smoke. Because of those high costs people are directing private investment dollars towards creating new treatments.
* medical loss ratio - the amount of my premium that actually gets handed over for medical care - typically 75%-80% vs. 95% with Medicare.
Yes, but these companies determine what to invest in based on how much profit they presume to make. Should profit be the only motive to creating new treatments?
The point I agree with is that the very high medical expenses in the US aren't just going up in smoke. Because of those high costs people are directing private investment dollars towards creating new treatments.
* medical loss ratio - the amount of my premium that actually gets handed over for medical care - typically 75%-80% vs. 95% with Medicare.