Posted on 09/16/2009 5:45:19 PM PDT by JohnRLott
Two claims are made all the time in the health care debate: 1) that there is little competition among those providing health insurance and 2) that it is important to take the profit motive out of providing health insurance. Both are myths. It turns out that claims about too little competition are based on a misinterpretation of the data and that non-profit insurers are so abundant that the largest insurer in virtually every state is a non-profit.
You would probably never know either of these points from listening to the news. Proponents of government provided health insurance, such as President Obama, argue that such a government option is required to inject competition into the market. "Insurance companies and their allies don't like this idea, or any that would promote greater competition," Mr. Obama warned during a weekly Saturday radio address during the end of August. Even those who don't support a government option are concerned about the lack of competition. "There is a serious problem with the lack of competition among insurers," said Republican Senator Olympia Snowe of Maine. "The impact on the consumer is significant."
Several studies point to how concentrated the health care insurance market is. A 2008 study by the American Medical Association shows that one or two health insurance providers dominate the market in most states, implying that the providers could be exploiting a monopoly-like situation to generate "excessive" profits.
But they leave out the fact that for most people it is their employer, not the insurance companies, that pays for any bad health outcomes. . . .
(Excerpt) Read more at foxnews.com ...
This is why he keeps pushing this idea of taxing the benefits themselves.
The whole objective of the Democrats is to destroy and take over the services provided by the nonprofit health insurance organizations, the nonprofit HMOs, the nonprofit PPOs, the nonprofit hospitals, the nonprofit clinics, etc.
It's a rather transparant effort ~ and once the Democrats get control of that tax flow they'll make it go where they want it to go and that's not going to be health care.
If you don’t think the liberals (commies) in congress aren’t looking at our health care dollars as a cash cow, think again.
You know one thing, I haven’t heard a word from spewing out of Obama’s lying mouth, is any ideas how we’re going to pay down the national debt.
In order for us to balance our books right now, we’d have to spend every dollar of GNP made this year for that one single purpose. And heaven knows how much interest we’re paying.
“Myths?” I like “lies” better.
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