Ries
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The overhead of Social Security is 1% of the amount paid out each year.
The overhead of a private pension fund is 5%, or 8%,or MORE, of the same number.
Apples to apples.
Medicare and Medicaid cannot be "bankrupt" because they are programs to give out government money to people in need- not businesses with income, profit, and expenses. They were designed from the get go to spend money, to help people. The correct metrics to look at would be how well do they spend money, and what results do they get?
Lets look at a simple example of a country that has a private option and a public option- Oh, I dont know, how about Argentina?
Buenos Aires is about the same size as Los Angeles.
In Buenos Aires, you have a functioning public option, with state subsidised health care, and then you have the ability of those nice people in Recoleta to buy private insurance.
Horrible, right? It causes complete breakdown of the system, I hear.
Meanwhile, in LA, you have private health care.
In LA, every night, in the downtown area only, you have upwards of 12,000 people sleeping on the street. (and thats only in the one barrio- thousands more in every other part of LA, Orange, SB, and Riverside counties)
In the microcento, you have what- 50?
Now in LA, where our glorious and efficient private insurance system works so well, a good 3/4 of those people have mental health problems. Most also have alcohol and drug problems, and a good third of them are veterans.
There is NO social safety net for any of these people- Reagan shut down the national system of mental health care in the 80's, and sent the crazies to live under freeway overpasses, the VA benefits in the USA do not include subsidised housing, any jobs, or enough money to rent an apartment in most major cities. And as for free drug and alcohol treatment programs- HAH, it is to laugh in the USA. Get a DUI in the states, and expect to spend $2000 to $3000 US on court mandated alcohol counseling- but, of course, your insurance wont cover that.
So we have Argentina, with its government constantly accused of corruption, graft, inefficiency, and outright failure- and yet, somehow, they manage to run a public option that keeps the country relatively free of the hundreds of thousands of sick, crazy, drunk, poor homeless people we have in the hyper efficient USA.
Is it because they are all hidden in the Villa Cartona?
Plenty of poor people in Argentina- but they arent all crazy, in wheelchairs, with oozing sores and drunk all day.
Sorry, but in country after country, a public option, or better yet, single payer, WORKS.
In the post office, or Social Security, or Medicare, or public health care, you eliminate a big drag on efficiency- PROFIT.
Any time a private company can extract profit, they do.
This is great, for gas stations and empanada stands.
It is totally unproductive and wasteful for basic infrastructure needs.
Government run Electricity, highways, pensions, mail delivery, and, yes, health care, is always cheaper and, by definition, more efficient, because you are eliminating profit. Profit is great for the profitee- but an unneeded drag on public services. And it is never "fair"- somebody, always a politically connected somebody, skims all that profit, while you, or I, equally deserving, somehow dont get either the profit, or the efficiency of a government system.
The overhead of a private pension fund is 5%, or 8%,or MORE, of the same number.
Apples to apples.
Medicare and Medicaid cannot be "bankrupt" because they are programs to give out government money to people in need- not businesses with income, profit, and expenses. They were designed from the get go to spend money, to help people. The correct metrics to look at would be how well do they spend money, and what results do they get?
Lets look at a simple example of a country that has a private option and a public option- Oh, I dont know, how about Argentina?
Buenos Aires is about the same size as Los Angeles.
In Buenos Aires, you have a functioning public option, with state subsidised health care, and then you have the ability of those nice people in Recoleta to buy private insurance.
Horrible, right? It causes complete breakdown of the system, I hear.
Meanwhile, in LA, you have private health care.
In LA, every night, in the downtown area only, you have upwards of 12,000 people sleeping on the street. (and thats only in the one barrio- thousands more in every other part of LA, Orange, SB, and Riverside counties)
In the microcento, you have what- 50?
Now in LA, where our glorious and efficient private insurance system works so well, a good 3/4 of those people have mental health problems. Most also have alcohol and drug problems, and a good third of them are veterans.
There is NO social safety net for any of these people- Reagan shut down the national system of mental health care in the 80's, and sent the crazies to live under freeway overpasses, the VA benefits in the USA do not include subsidised housing, any jobs, or enough money to rent an apartment in most major cities. And as for free drug and alcohol treatment programs- HAH, it is to laugh in the USA. Get a DUI in the states, and expect to spend $2000 to $3000 US on court mandated alcohol counseling- but, of course, your insurance wont cover that.
So we have Argentina, with its government constantly accused of corruption, graft, inefficiency, and outright failure- and yet, somehow, they manage to run a public option that keeps the country relatively free of the hundreds of thousands of sick, crazy, drunk, poor homeless people we have in the hyper efficient USA.
Is it because they are all hidden in the Villa Cartona?
Plenty of poor people in Argentina- but they arent all crazy, in wheelchairs, with oozing sores and drunk all day.
Sorry, but in country after country, a public option, or better yet, single payer, WORKS.
In the post office, or Social Security, or Medicare, or public health care, you eliminate a big drag on efficiency- PROFIT.
Any time a private company can extract profit, they do.
This is great, for gas stations and empanada stands.
It is totally unproductive and wasteful for basic infrastructure needs.
Government run Electricity, highways, pensions, mail delivery, and, yes, health care, is always cheaper and, by definition, more efficient, because you are eliminating profit. Profit is great for the profitee- but an unneeded drag on public services. And it is never "fair"- somebody, always a politically connected somebody, skims all that profit, while you, or I, equally deserving, somehow dont get either the profit, or the efficiency of a government system.