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Originally Posted by CoachKandSportsguy
huh! who would have thought that turning over a social support service to a profit oriented insurance company would result in increasing prices and costs? Insurance costs are a source of increasing cost of medical services in the medical industry.
The source of inflation is the capitalistic goal of profitability and then increased profitability. . does rent control increase apartments development? not likely as the payback doesn't work anymore. . What makes UHC a good investment? increasing profits. . .
So pick your poison -> increased wealth due to increased profitability? or a social service with a fixed flat rate, with a shared cost for all to be available for all retirees?
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Quote:
Originally Posted by JohnN
My perspective is that anything the government runs - ANYTHING - ultimately becomes a boondoggle.
I know private businesses are built for profit, I worked for one. That said, they do have competition and
try to get a usable product out there.
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Of course the ins co wants/needs to make a profit. I'm with John though; if not for all the govt interference in the market place, the bar to profit would be much lower. Remember that the first A in ACA (Obamacare) is for affordable. And it has been anything but.