Letter: No need for parasitic insurance firms
It’s enough to make you cry. President Obama criticizes Mitt Romney for the Republican plan to turn Medicare into a voucher program while the Obama administration is in the midst of setting up a pilot program for 2 million dual-eligible Medicare/Medicaid patients that drives these patients to the costly private insurance market.
The Congressional Budget Office has stated that over the 75-year horizon of Medicare, if the same benefits as Medicare were provided by private insurers, it would cost an additional $34 trillion. Private insurers have administrative costs 12 to 15 times that of Medicare, yet politicians insist on attempting to drive Medicare patients into the arms of the politicians’ financial benefactors.
Although it’s hard for some people to understand, Medicare operates much more efficiently than private, for-profit insurers. Why should we taxpayers spend more than we need to just to have a percentage of our health-care money diverted to politicians who are supposed to serve us, the people?
Factual studies conclude that not only do we not need private, for-profit health insurers, but using them wastes over $350 billion a year. For the $2.8 trillion a year we spend on health care, we could provide a full range of health care benefits for every single American if we stop using these parasitic, unnecessary companies. Additionally, we could pay health-care providers fairly and finally get to a beautiful healthcare system that actually serves the people instead of the chaotic mess politicians insist on perpetuating.
JOHN R. SWARTZ