The Health Insurance Racket

Health care 2

Why should health care so prohibitively expensive? The U.S. spends $2.7 trillion a year, nearly 18 percent of the gross domestic product on health care and yet it’s not keeping up with the rest of the developed world when it comes to improving people’s health. Why is that?

The so-called “free market” for health care is not a market at all. It’s far from a market. When you go for health care, you don’t even know what they’re going to charge you. What’s up with that? What other “market” does anyone go to and not know what they’re going to charge you? Not to mention all the garbage fees of being charged hundreds of dollars for an aspirin and hundreds of dollars more to hand it to you and that’s just the tip of the iceberg.

And while just about all opponents of Obamacare say the U.S. health care system is the best in the world, the statistics don’t support that. US life expectancy is not as long as lifespans by people in most of Western Europe and Japan. There are huge disparities across the US. People in states like Mississippi are compared to most of the rest of the states.

The standard fee-for-service system that encourages doctors and other caregivers to give lots of tests, individual treatments and to prescribe drugs, instead of keeping patients well keeps health care even more expensive. Of course It’s good to keep prices high and

According to Forbes, the insurance industry makes $900 billion profit a year taking payments from people and paying it to health care providers. Eliminate the middle man insurance industry from shuffling the paper taking payment from individuals and sending it to health care providers and put together a computer program to do that problem and you’ve just cut the price of health care 40 or more percent. Instead of 2.7 trillion a year for health care, it would be lowered to 1.62 trillion.

That means if you’re now paying $200 a month for health insurance (and it’s easy to be paying much more), you’d be paying $120 a month by eliminating the middle man and going to a program like Medicare where there’s no insurance middle man. The money goes straight to the health care providers.

So what I’m saying is get the insurance industry out of health care and the price you’re paying for health care suddenly becomes much more reasonable.

But you never hear that idea being talked about by Congress because the insurance industry is making “campaign contributions” to Congress and Congress responds accordingly.

So the problem with the health care racket is that Congress is not working for you and me. Congress is working for the insurance industry.

Health careHealth care providers


About Sr Felipe

I grew up in East LA, was drafted into the army and sent to Vietnam as a medic with the 1st Cav from 1966-1967. I survived that, came back to LA, went to East LA College and Cal State LA, became a social worker in Ventura, CA and moved up to Chico, CA in 1975. I started Sr Felipe's Salsas making organic salsa, enchilada, BBQ and pasta sauce that was available in natural food stores nationwide from 1980-2005. I've been doing a radio show on KZFR, Chico, 90.1 FM every Tuesday from 7:30-10:00 PM streamed live on where I play oldies from the 50s & 60s, doo-wop, Latin, folk, country and Gospel music and interview interesting people in the community. For the past three years I've been teaching beginning guitar through the Osher Lifelong Learning Institute through Chico State University.
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