Health Insurance and Conspiracy Theories
Health insurance has imposed many administrative barriers to care in thepast. In the past, many patients have been denied life saving treatments toadministrative red tape and bottlenecks. Deaths have been the result in manycases. Bankruptcies have also been the result. In some cases, patientsreceive care but then are retroactively denied coverage, due to a certainnote that might have been found after the fact in their medical chart andhistories. It seems that the entire Western and developed world is heldhostage by health insurance companies, quite literally with lives hanging in thebalance. Is this a paranoid stance or a rational idea?In some sense, health insurance isn’t even an appropriate model for medicinein healthcare. With auto insurance, the insured party rarely wants to getinto an accident in order to collect money from the insurer. Why? Becausethe insured party loves his car; he’s taken care of his car for a while, andhe’s worked hard to afford the vehicle. Moral hazard is not an issue. Butwith an insured party’s health, the person DOES want to use the insurance.If given the choice, who wouldn’t want the best, but most expensive, medicaland healthcare supplies and services out on the market? Insurance isn’tabout risk, many economists believe; it’s about financial leverage, sort of.Actually, it’s more of society using insurance as a sort of Ponzi scheme, ascheme in which health insurers are brokers, bookies, and taxers, taxing andcollecting its share at every transaction, whether to the detriment ofsociety or not.
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