Reply to Insurance and Pharma Companies under Single Payer System?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just been reading about Sanders' plan and it doesn't say anything about what will happen to all the insurance companies if we switch to a single payer system. So what would happen? Would it ruin the economy? [/quote]
If it's Medicare for All, then there would still be optional supplemental insurance plans/companies.  Keeping in mind that Medicare is an 80/20 insurance with co-pays and deductibles.  [b]Medicare also doesn't fully cover prescription drugs[/b][quote]
[b]
If it is really full coverage for everything then the government[/b] would have two options.  Keep them as silent partners or let them die.  Either way, it would not ruin the economy.[/quote]

Outside of a hospital stay Medicare doesn't cover prescriptions. [/quote]

I worked for Microsoft during the years we paid $0 for our health care costs.  
$0 co-pays 
$0 for both pregnancies
$0 premiums
$0 for brand drugs
$0 for broken arm
$0 for speech therapy
$0 for physical therapy

ahhhhh.....
those were the days

Even Microsoft, with $60B in the bank could not sustain that.  People took advantage of the system right and left.

Under government control,  costs will be even worse.
 [/quote]
Yep, even my former little software company had full coverage for everything.  But most the employees were in their 20's and 30's and hardly ever used health insurance.  Babies were probably the biggest usage.  Now there isn't full coverage but everyone is in their 50's and use health care much more frequently.  That is one of the bigger advantages of a single payer system, you have a much more diversified group.

I would imagine for a big company like Microsoft it would be even tougher especially since they have employees in pretty much every state.  They have to negotiate different insurance policies for every state they have employees in.  So even a big company like Microsoft loses some of it's negotiating power.  Centralizing it under the federal government allows for a better negotiating position.[/quote]

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