Well, of course, how you take this will depend upon your pre-existent view of Michael Moore:
\”The Michael Moore movie that I saw was full of truth,\”
Makes me think that this whistleblower is full of c**p actually.
Of the industry\’s income:
A lot of that money also goes into contributions to politicians of both parties – $372m in the past nine years
And anyone seriously thinks that more involvement of politicians in how health insurance works is going to reduce that number?
There\’s a missing piece of economics here too:
What is Obama\’s solution?
Obama has asked Congress to draw up a government option, allowing all Americans to get some sort of cover. The sheer size of the state plan should theoretically allow it to drive down costs by economies of scale.
Doesn\’t anyone remember that there are also possible diseconomies of scale? Ones that might possibly kick in if you try to put 16% of the world\’s largest economy into one centrally directed system?