Saturday, March 17, 2018

L.A. Times Editorial Board Thinks Socialist Health Insurance Is More Efficient


The L.A. Times editorial board thinks socialism is cheaper and more efficient than a free market in health insurance:
A single-payer system could improve the situation on several fronts. By combining everyone into one risk pool, it would reduce the average cost of coverage. With only one insurer to deal with, doctors and hospitals could slash the cost of billing and tracking who pays for what care, potentially cutting expenses by 14%, UCSF estimated. Removing private insurers from the mix would eliminate their markups.
It's as if the L.A. Times editorial board hasn't heard of the fact that government workers cost more money than private sector workers in the short run and long run...