Quote:
Originally Posted by wvpeach
SATV
Do you know anything about how insurance works?
Its risk versus use. They take in more premiums money than they put out and its based on sheer numbers.
If a company has 1.5 million insured they know they will make a good bit more money in premiums than they will have to put out in health care. This is a simplistic explanation , but for the purposes of this thread it will do.
Now do you want to tell me any reason the American people could not do this?
And as a bonus we'd have a large group and premiums should go down for everybody. Profits can be put back into the program for research and things we are lacking. Like having enough flu vaccine in case of a out break so millions of Americans don't die.
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Look at other social programs that where set up in the late part of the depression or the 70s. They are running out of money. Not only that, but they bleed the tax payers dry. There is no reason to tax me for the retirements and healthcare of others,when the governments own mismanagement rises inflation, and drives the nation bankrupt with more funding.
Like i said. There is no way non-profit insurance can last unless it receives massive charity donations from the people. Or even taxation towards it.
The later would simply bankrupt the idea after 50 years or so.