Private Insurance Quotes
Unlike most forms of insurance virtually everyone will have one or more claims and collect in his or her lifetime. Many of use will never have an automobile crash and collect on our insurance policy, but health is different in that we all change health status from well to ill at times and if we are fortunate we return to a state of wellness. But as Eigen observes, most of us who are tell are only temporarily well, With time our state will change to ill and if we are not very fortunate we will never use our health insurance as we will be dead. There is almost no way to age in a modern society without needing health care or funeral services, That is the consequence of the normal process of aging. So with health insurance schemes we, in effect, pass money from the living well to the living ill. So if health care costs increase fastr than inflation, which it has almost always done in the last half century, the temporarily well will be paying more and more. The only way to break that cycle is to somehow limit the cost increases of health care to that of the inflationary increase. Eigen has argued that most of us focus on the wrong problem--the details of the way the well pay for the ill, when the only soltuion is to reduce the rate of increases of health care costs. And there are only 2 ways to do that: Reduce the compensation for all the health care actors--physicians, nurses, other staff, hospitals, and manufacturers of medical equipment, supplies and expecially pharmaceuticals which have been increasing at the fastest rate of all or wer privide more and more effective prevention.
This statement was quoted over and over by his Presidential opponent, Lyndon Johnson in the campaign of 1964. Although, a wealthy person could on the average do a little better with a private investment of equivalent money and a disability insurance, those citizens of less wealth could not do so as easily. And few could obtain the disability and survivor benefits that comes along with Social Security. Goldwater wanted to make Social Security Voluntary, and most Americans thought the Goldwater prescription for Social Security would kill the program and did not support him. Conservatives have argued for this idea ever since, including Geirge W. Bush who made it a centerpiece of his administration’s program. It was rejected by the voters, and most of those were proven right when with the 2008 stocks had lost 50% of their value—the people who had retired and depended on their return from investments were mostly in terrible trouble. And of course, even in good times, some people who invest in the stock and bond markets do well and some do poorly. What would society do about those who lost most of their retirement. Let them starve because they invested badly?
For most of the opponents of Obamacare, it was definitely about health care. For a few like Paul, the fact that under Obamacare, it was the fact that it was mandatory for everyone who could afford it to buy health insurance that was unacceptable. The government in a free country in his view should not require citizens to buy a specific product. Obamacare supporters observe that society has an interest in that if someone who refuses to buy health insurance gets seriously ill, our societal mores will require his to be treated and we all have to pay for that treatment. Without the government mandate, a group of people will simply get a free ride, getting health care if they need it, but never contributing their fair share. Paul and many libertarians do not deny the argument or its basis. They simply argue that such a mandate is unacceptable even for a very worthy purposes. Any loss of essential freedom, can be—and often has been—justified be numerous worthy reasons. Slave owners used to justify slavery be all the good it did for society, economic development, culture, etc. Principled libertarians also oppose, the draft, government wiretapping, drug illegality, and many other steps where some freedom is lost – given up for a worthy purpose.
The minimum wage has never come close to meeting this ideal criterion in any country of the world. At the same time, health insurance costs in the U. S. and some other countries has been increasing at a much greater rate than wages, making this ideal situation even more unattainable.
