Friday, September 4, 2009

How Things Work

Professional TAs who are eagerly awaiting a new government-sponsored health care plan, should read the New York Times to find out how things actually work.

A White House compromise, being discussed by people who all have excellent doctors, would have government offering its own health plan only if private insurers failed to provide "affordable" coverage. This reasonable sounding alternative is similar to a plan that was instituted in 2003 for prescription drug benefits. In that case, says the Times, "private insurers, seeing a lucrative business opportunity, rushed into the market, and...the Medicare drug benefit is thus delivered entirely by private insurers under contract with the federal government."

If this plan works, people who own insurance companies are going to get so much more rich!

Happy Labor Day.

Also: Capitalism! @ Youtube