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Originally Posted by dc_dux
More of the "government program" rhetoric....it is more people covered by PRIVATE insurance...spreading the cost.
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The costs are already spread in the system, the question really has to do with will the new system be more efficient? The assumption is that emergency room care is the most expensive method of providing care and that if people have insurance emergency room usage will decline particularly in areas where a routine office visit would suffice and it assumes the system will not be over-burden. This is an assumption, an unknown, that has to be factored into the cost equation. The other assumption is that "private insurance" will really end up being the new means for the spread costs - it is very reasonable to believe that insurance companies will bear almost none of those new costs. They will be picked up by taxpayers and those paying premiums.
Cigna's, a health insuance company I follow, stock price was up 10% this week as the bill gains momentum and is expected to pass this weekend.