LarryHoward wrote:BeauV wrote:I think Dr. Munn nailed it. Unless there is a popular vote, which universal single payer might win, there is absolutely no way it will happen. One need only take a brief read of the donations made by the insurance companies to understand why. What we are really talking about is putting some very large and profitable insurance companies out of business. These companies are actually owned,in large measure, by pension funds. Effectively legislating them out of business would have massive financial impacts, I fear we'd have to simply buy them and distribute the value to their shareholder (many of us). By comparison, this would be massively more disruptive financially than nationalizing the railroads or airlines.
While I don't necessarily disagree, subsidizing large publicly held companies by raising costs and increasing complexity for the entire country is to me a bad case of "too big to fail." They are held by pension funds because they are profitable and seen to be safe. In my mind, guaranteed stability and profitability without risk should earn low returns, not double digit returns on the back of taxpayers. The market would adapt and, if transitioned in a reasonable, the market would adapt and the investor capital wold find new homes.
Enough political drift. Bull. Happy to hear your recovery is going well.
Larry, I couldn't agree more. We'd probably need to Marines to take care of the transition, but certainly needs to be done. Agreed, enough Pole-A-Ticks. BV