Socialized Healthcare

Healthcare in the US will eventually be nearly completely socialized. Though a "free" market
in healthcare would produced the lowest costs and highest quality of care, the disparities in quality of care between rich and poor will simply not be politically acceptable.

Once one accepts the inevitable fact of socilized healthcare, then it is easy to see that there is very little role for private health insurance. Private health insurance carriers in neary all cases would be in the "Too Big to Fail" (TBTF) category because the government will not let a private health insurance company fail leaving the premium holders without health insurance. We now know that TBTF means an implied government backing. Implied government backing induces private enterprises to engage in risky profiteering behaviour because they know the government will bail them out if their ventures fail. The private insurance companies will pay themselves hefty salaries and bonuses similiar to AIG.

So it is obvious. Private insurance in this environment would be needless "middle men" entities raking in profits for its own benefit with negative effects to the payers in the system.

If socialized healthcare is inevitable, I do not want the private health insurance companies "pretending" to represent a bogus free market in healthcare. Many, like myself, see that they are only positioning themselves to siphon money from the socialized healthcare complex.