According to former DNC chairman and governor Howard Dean, the public health insurance option is worth fighting for. He was a quest blogger at Thinkporgress.org post and written some interesting post about how and why the public health insurance option is indeed worth fighting for.
But if you think about it, this is Howard Dean after all so it must be pro DNC type of article or view and opinion of the debate about Obama’s Health care reform plan. While he put forward to best of what is yet to come or possibly what is going to happen if we have a public health insurance option , it remains to be seen if this particular proposed bill will go through congress.
For more on Howard Deans Blog Post- Why The Public Health Insurance Option Is Worth Fighting For
Thanks,
Senator’s Charles Schumer D-NY and Jay Rockefeller D-W.Va huffed and puffed but could not blow the private health insurance market down.
Though I am thankful that a Public Health Option still does not seem to be realistic possibility, this AP article only further displays the complete lack of understanding that US lawmakers have of the root cause for the HealthCare “Crisis”, COST!!!!
I’m not trying to pretend Health Insurers have done anything to help mitigate premium costs. What I am saying is that Health Insurers are not the ONLY bad guys and girls.
I recently went to a broker conference for a regional not-for-profit health insurance carrier. At that conference this carrier broke out exactly where every penny of every premium dollar is spent. Did you know that for every dollar you and/or your employer spend on health insurance premiums over 61 cents of that dollar goes to hospitals and doctors? Did you know that 26 cents of that same dollar goes to home health care and pharmacy?
That means 87 cents of every health premium dollar you and your employer spend goes directly to health care!!!
So 13 cents of every dollar goes to the Health Carrier. Now to be fair, 11 cents was going towards Administration costs and 2 cents towards surplus, so its not like the carrier was just banking all that cash.
What I want you to take away from this article is that COST is the infection creating the American Health Care Crisis. A Public Health option does nothing to cure our cost problem. With a Public Option, Health Insurance Premiums go down, Taxes go up…
I would love to hear your thoughts on this issue!
Thank you,
Ryan H.
This article is brought to you by the Albany Insurance Professional blog located at http://www.ryanhanley.com, where we drop crucial insurance knowledge on the consuming public.
