Health Insurance Cons

The media and certain bloggers are ranting about how health care costs are skyrocketing. They focus on fraud, delivery snafus, old folks costing too much, and youngsters with chronic conditions costing too much.

It is a sorry state of the country when we are eating our young people and our seniors. That completely negates what has always been a central theme in our democracy -- we are one nation, indivisible with liberty and justice for all, And, we are all in this together. Any nation's standing should be judged on how they treat the least fortunate.

Stop chewing on the the red herrings for a moment and look instead at 2 quite simple facts: 1) we are the only major country with predominantly for-profit insurance companies running the show -- that means that a significant percentage of profit goes to stockholders.

2) CEOs & other health insurance executives take hundreds of millions of dollars in compensation from each major company. Total costs to us -- all of us -- run into the BILLIONS each and every year. Chew on that instead!

While you're at it consider for a moment the administrative costs for a not-for-profit insurance company -- Medicare costs 3-5% of expenses to run. For-profit companies cost anywhere from 25-35% of expenses to run. You do the math.