Quote:
Originally Posted by SwampYankee
It's a start. It's interesting that the govt has an income cut-off for VA healthcare but not so with Medicare. My father was told he didn't qualify for the VA plan so he signed up for Medicare. We were just happy to get him off our company policy.
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This is why Obamacare's private option will fail. Why pay for private healthcare when you can put your employees on the government's tab? It is the rational decision.
Because there are few negative feedback loops in private healthcare and none in government healthcare, healthcare costs rise faster than inflation -- there is no incentive to conserve. Healthcare costs will increase at a greater rate as employees are shifted to gov care because there is no incentive to conserve and very strong incentive to spend.