Can someone anyone explain how National/Universal Health Care puts Private Health Insurance out of Business ?

Question

Can someone anyone explain how National/Universal Health Care puts Private Health Insurance out of Business ?

Answer 1

Well, it won't.



But what it WILL do, is make two different levels of care/service, just like in the coutnries that have universal health care.



Businesses will stop providing group health insurance policies for employees, and only the healthy, wealthy people will be able to buy private health insurance. THEY will get state of the art, prompt care - and everyone else, will be in long lines waiting for their turn to come up for services, if they live that long.



MANY smaller health insurance companies WILL go out of business - after all, there will be a 90% reduction in customer base. Kinda like the change in number of blacksmiths, in the past hundred years.



The point is . .. more people will have less access to health care. Universal health care is NOT "the best for the most".

Answer 2

Insurers are forced to sell coverage to everyone at any time, many people will buy insurance only when they are about to incur major medical costs, then dumping coverage. This is already occurring in Massachusetts.



This raises the cost of insurance for everyone else, in particular those who are responsible enough to buy insurance before they need it; they end up paying even higher premiums. And the more expensive the insurance, the less likely people will buy it before they need it. The ill will seek to purchase insurance and they are guaranteed coverage.



Of course, the insurance premiums will be driven even higher. At some point the premiums will be deemed "out of control" and the government will be "forced" to limit rate increases or provide a subsidized federal program that will offer lower rates.



Private insurance can not compete against a tax payer subsidized organization that has unlimited deep pockets and therefore has no concern with maintaining solvency. And then mix in the fact that the government mandates who they must cover and will limit what they can charge.

Answer 3

One reason among many that Universal Healthcare will put private insurance companies out of business is because the premiums for Universal coverage is subsidized by the taxpayer.



Fortunately, the health care bill that was recently passed does not include Universal Healthcare.

Answer 4

In three words: It does not.



The proposed health care bill will increase the amount of private health insurance. Everyone who has purchased a private health insurance policy will be allowed to keep it. Every employer that currently provides private health insurance will be allowed to continue. Additionally, most individuals and companies that do not have insurance now will be required to get it, so private insurance companies will have more business. The only thing that will be eliminated is the option to have no insurance. Private insurance companies will have all of the business that they have now, plus the business of everyone who has no insurance now, but will be required to get it.

Answer 5

I dont know. I guess it doesnt in countries that have both kinds of insurance since private health care insurance business is much smaller segment of the economy than in the US.

Answer 6

Obama-care says you're able to desire to purchase into the familiar well-being care. at a severe fee if no longer then you definitely would be discover. it is going to be so severe you is unquestionably no longer waiting to have sufficient funds the different well-being care. no longer a working guy any way. on the grounds that no you will affrod it who would be waiting to purchase deepest scientific well-being coverage.