Westernhawk
Well-Known Member
This is spot on.Starting with Health Care.
Yes. There is fraud and waste within the Medicare and Medicaid programs - usually by individuals and corporations outside the program taking advantage of the system.
But the cost of that fraud and waste is no where near the amount of $ extracted from the health delivery system by the business models of private health care corporations.
From drug prices to denials of care, the private health care system has one objective - maximize profit at any cost. With no regard for the best interests of the people.
There is a fair amount of literature out there that suggests that the administrative inefficiency in for-profit insurance companies is higher than CMS (medicaid/medicare).
Also, since government is different from a for profit corporation, they don't have to maximize profits and minimize delivery to wow the shareholders like, say, United Health does.
The goal of a health insurer is to extract money from people and make a profit. They do NOT provide health care. They take a cut and manage risk. In short, they may not add as much value as a lot of you think they do.
This whole "privatize everything" idea is full of misconceptions and inaccuracies. Take, for example, the Medicare Advantage plans. That's a partially privatized Medicare that is run by the fine folks at places like United Health "Care". CMS, I've heard, really regrets privatizing that part of their work because patients now face denials and all kinds of administrative red tape that wasn't there when it was Medicare only. In short, we gave taxpayer money to massive corporations to manage as they see fit. That has made some people "big mad".
Watch this space, as the co-presidents in our current administration will try to privatize as much as possible, under the guise of "efficiency." However, this is really about transferring tax dollars to private companies to enrich themselves and their buddies who got those politicians elected. This is just a transfer of money.
I wonder if Space X will handle all US government contracts related to space and jet propulsion in the future????