Public Health Insurance


A soft spoken, intellectual liberal's thought process is, our country is world's super power, rich country but 50 million people are without a basic insurance, 18,000 people dying without a proper insurance per year, hmm..what is the solution? As always, liberals want to address this by providing a government sponsored, a well funded, a perfect public health care to all citizen. In long run, they want to integrate all into one universal insurance, 100% funded by government.

A well mannered, easily spark towards any new reforms conservatives, opposing this plan on every town hall meeting. They are getting a sizable support from senior citizens and business people. They are pointing out the source of funding, already U.S government spent trillions of trillion for economy and deficit is higher than any other time, GM and some banks are under government watch. The situation is not good for any reform for now and 180 million citizens are happy with current plan so do senior citizen with current Medicare plan. I didn't understand why they are comparing this reform with Nazi Germany and Hitler.

The PHI is getting very complicated and even President Obama start talking about his grandmother's death because of without proper insurance. As far as my experience with health care system here at U.S.A, it is very expensive like any other countries. But here due to the lawsuits, the defense tests and treatment cost is very higher than any other countries. For example, if you go to emergency room for a headache you end up paying more to just some CT scan/x-ray, blood test etc, which are not required for a headache.

I think the solution for this is a compromise between right and left. We can't always achieve 100% on everything, so a semi public company like Freddie Mac is answer for this. The insurance can be continue purchased from a primary market (Aetna, Blue Cross etc) but they can sell to secondary market(a Freddie Mac kind of company). In order to qualify for public health insurance, employers and individuals have to pass some basic requirements. In other words, with the current choice of HMO,PPO etc, insurance companies can offer PHI. This sounds less complicated, aren't they?

Comments

sukumar said…
The USA should look at the Singapore model of health insurance, employer/employee contributions. I think it is a very practical and workable system which can be copied by the USA.
1:31 PM
Subba Muthurangan said…
Thanks for your comments Sukumar.
4:14 PM
Post a Comment

Popular posts from this blog

Coupon Crazy

Coupon, Is it good remedy for current inflation fight? I think it is not and coupons are highly addictive. Yesterday when i was in train on the way back home, one lady sitting next to me, cut and cut coupons from newspaper. I was watching it all, to make things worse, she put all waste into me. She carried a separate bag for coupons, the bag was filled of coupons. Okay, that was fine, she is just trying to save some 1 or 2 dollars. After finishing all coupon cutting, she opened other bag and took 3-4 lottery, the one that we have to scratch.So now she started now scratching lotteries, again all wastes into me. I just realized that what ever she saved now from coupon were gone. One day I was standing in queue at Costco for checkout, a man who was standing in front of me had tons of ton items to checkout. I thought i might have to spent another hour or so to check out after him. He placed all items on checkout belt. As soon as, sales clerk started checking the items, he pulled a coupon
Read more

Google's Killer Application.

Already Microsoft getting heat from Google, that Google is capturing all critical functionalities from Microsoft office suite and developed online based Google Docs suite . From many of small business to individuals now using Google docs instead of expensive Microsoft office suite. Now Google released a "sharepoint killer application" named as Sites . It was just redesign of JotSpot wiki, which Google acquired some years back . I think that now Google can declare war against Microsoft office suite. Google has now all replacement products for Microsoft office. Actually now we are expecting a twist from Microsoft that they will release a online based mini office suite to fight against Google Apps.
Read more

Uncontrolled Musing

When I start thinking about future, my mind exploding without control, particularly current events and state of our economy. There is no definite answer to following questions. Are we at recession or depression or nothing? Occupywallstreet will become a revolutionary movement or just like tea party, it will also subside?   President Obama able to win job bill or it will go under water.   If we are not in recession, what is the status of this market? What will happen to 401k, IRA and other investments?   Are we bear market or bull market or pig? How many more days (months/years) we need to worry about our job?   When will my home value improves? The above all are somehow interrelated, a better economy spurs growth which will eliminate all uncertainty. But no one here able to pin point what went wrong and how to fix it. If we know the answer, we could have somehow fixed this mess already.The issues with unable to fix current state of economy are, Very complicated : This ec
Read more