Universal Healthcare is Already Here
From Texas, I had to tune into the Hillary vs Obama debates. It was quite painful - not because I'm against dems, but because I just don't like politics that much. The libertarian platform is the only thing that makes any sense to me - and they haven't got a prayer - Ron Paul is the closest thing (and used to be libertarian) and he's never had a shot. Looks like I'll be voting libertarian again...
Anyway, the healthcare reforms that are being proposed are grabbing my attention. Healthcare for all! Plus, the insurance companies are going to run it. Every government contractor knows that you keep your margins high when you deal with government contracts. All the insurers are going to milk the government to maximize profits. They have to, its unclear what the future holds. To get it passed, congress will be forced to pay a huge sum of money to get the insurers to play ball. How can I say this loud enough. BUY HEALTH CARE PLANS NOW BEFORE EVERYONE REALIZES THIS SIMPLE FACT. Good news, they are on the cheap!
Many people think that "socialized healthcare is bad". I'm not saying they are wrong. In fact, I tend to agree. However ---- WE ARE ALREADY THERE!
I took my son to the emergency room the other day after bumping his head. He's fine, no worries. We had a CT scan and it was just a minor fracture of the skull. The staff of the hospital was amazing. They explained everything, were great to deal with and treated our child like he was the only kid in the hospital. Wonderful. After it was all done, it was time to declare my insurance. At the pay window, I gave the teller my information. It was taking a while, so I asked a simple quesiton:
"What if I didn't have insurance, what would happen"? She was in a very sharing mood that evening. "Nothing", she responded. "I'd act all miffed and say 'how will you pay', but I already know the answer. You don't have insurance and you can't pay. We take down their address and make a big stink about how we're going to follow up, but we never do. If you don't have insurance, you simply don't have to pay".
Her candid comments blew me away. We already live in a society of socialized health care - you just have to go to the emergency room to get it. Maybe the dems have it right. Why should hospitals have to foot the bill? Maybe we are so knee deep in this quagmire, we don't have any other alternative.
Fact: Healthcare is already socialized. Sorry, but its true. With the dems coming, its time to pick the right plan.
In any case, the entire healthcare sector will profit - WLP and UNH are favorites of mine. Hospitals need a closer look, but I think there is a big opportunity there. A nice chunk of their cost structure will get placed on the governments balance sheet. That smells like increased profits to me.