It’s an ingrained fact that health care costs in the U.S. are outrageous and economically foolish — even if the drug companies and insurance industry maggots are are happy to keep raking in billions on the backs of sick or dying people…all in a day’s work. And so the way in which the media, and others, are greeting the new health care programs coming on-line should be viewed in context.
State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York. Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower.
Supporters of the new health care law, the Affordable Care Act, credited the drop in rates to the online purchasing exchanges the law created, which they say are spurring competition among insurers that are anticipating an influx of new customers. The law requires that an exchange be started in every state.
Of course, that’s better. But, keep in mind, Obamacare (I use that term because people know what it sort of means, even though personally I hate the term) was a capitulation: a deal struck that left the power in the hands of drug companies and insurance companies to continue to fleece and rob regular people of their hard-earned money.
I suggest keeping that in mind because we should never be satisfied until health care is a right and is delivered in a “Medicare for All” (single-payer) plan.
