I am an employer, fiscal conservative, and have been a registered Republican for over 30 years.
As an employer, I can attest to the fact that health insurance has become far too costly. In my business it has exceeded 25% of my payroll, even with cutbacks in coverage. My employees now have junk coverage and have taken rollbacks in pay just to keep medical coverage. This is a sorry state of affairs.
As a Republican, I would like to know who the sorry SOBs are that keep calling universal coverage socialized medicine. These knotheads keep using the words socialized medicine to raise resistence to solving this problem.
As a businessman, let me add this. The health insurance business should not be considered part of the free market system. In a free market system, competition is open for anyone to enter the market. How many people can go down to their friendly neighborhood, mom-and-pop, health insurance companies and get health insurance.
No one can. The health insurance business is only open to companies with vast amounts of capital. This make the health insurance industry a cartel not a free market entity.
Another point. Health insurance companies operate at a margin of 40%. In other words 40% of the money you and I pay for health insurance goes to administrative cost. It does not go to the cost of healing the sick. Compare that to the 3% administrative cost of medicare.
Why there is resistence to universal coverage thru a publicly owned company, rather than privately owned, is beyond me. Was there this much debate when someone had the bright idea to save their community thousands of dollars by building a municipal water system? There is no difference to a single payer medical plan in which Americans can "buy" into than a water system that they buy into.
Since the medical insurance industry in the USA is a $2 trillion a year business, it's my guess that it is insurance company shills who keep the words socialized medicine in this debate. Universal coverage would be the end of the gravytrain for them. And at $2 trillion per year, it's the biggest gravytrain in the world.