Honestly, a ton of people in the health insurance industry would become unemployed. As well as a lot of hospital/clinic administrators.
A lot of stocks that are held by pensions and mutual funds would become worthless causing chaos in the stock market and destroying peoples retirements.
I feel like that sort of highlights exactly how bloated our private system is, and how much the older generations are profiteering off the younger generations future.
Well, yes. But a change to a nationalized system needs to happen in stages to prevent an economic catastrophe. Obamacare was intended to just be a first step in that direction.
The NHS has hospital administrators too (too many of them, even). And pensions somehow manage to invest well enough, probably because they have experts.
Honestly, a ton of people in the health insurance industry would become unemployed. As well as a lot of hospital/clinic administrators.
A lot of stocks that are held by pensions and mutual funds would become worthless causing chaos in the stock market and destroying peoples retirements.
I feel like that sort of highlights exactly how bloated our private system is, and how much the older generations are profiteering off the younger generations future.
Well, yes. But a change to a nationalized system needs to happen in stages to prevent an economic catastrophe. Obamacare was intended to just be a first step in that direction.
Ya, that’s NOT a reason not to change to single payer.
The NHS has hospital administrators too (too many of them, even). And pensions somehow manage to invest well enough, probably because they have experts.
Did those pensions have large stakes in stable, profitable, health insurance companies that suddenly went poof? Or was that never the case?
Companies don’t just vanish when you nationalize them