A way to eliminate harmful private health insurance – The Mercury News
Way to eliminate harmful
private health insurance
Re: “Health care sector can be lucrative but at a cost” (Page C7, Aug. 6):
Thanks, Steve Butler, for pointing out why health sciences mutual funds are so lucrative.
The entire field, whether you are talking about insurance, hospitals, pharmaceuticals or suppliers, is so controlled by huge corporations that there are few protections to prevent the price-gouging of individuals and businesses. The drug industry even succeeded in getting Congress to pass Medicare Part D, that prohibits Medicare from bargaining fair prices for medications.
Butler alludes to the solution applied in many other countries, where they pay half as much for healthcare. It is a government-managed system that guarantees high quality health care to everyone and protects patients and consumers from being gouged.
In this country, that goal could be achieved by passing legislation that would eliminate wasteful and harmful private health insurance, improve and expand Medicare to cover all residents with comprehensive health care, and allow Medicare to use its bargaining power to pay fair prices.