6/12/11

Outrage over US private care

This is what we have to look forward to if we allow more American-style private insurance of health care:



This chart comparing US public Medicare insurance costs with US private insurance costs is taken from the blog for the New York Times by nobel prize winning economist, Paul Krugman. His conclusion:

If Medicare costs had risen as fast as private insurance premiums, it would cost around 40 percent more than it does. If private insurers had done as well as Medicare at controlling costs, insurance would be a lot cheaper.

It’s a mystery why anyone claims that shifting more people into private insurance is a good idea. Actually, no, it isn’t a mystery; it’s an outrage.


Nevertheless, we are bound to hear more from Canadian advocates of  privatization (and the private insurance corporations).  


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