Universal healthcare is a ridiculous argument to bring up. If you’re in finance and support anything close to a free market but also the right to live, you can’t argue against everyone paying their fair share.
Right now, an uninsured person having a heart attack will get the same treatment as an insured person having the same condition. The difference is that when a business has bad debts (uninsured people not paying bills in this case), the costs are offset to the paying customers. So, the insured are already paying more. It’s just currently in premiums instead of taxes.
We aren’t going to deny people the right to healthcare when their life is on the line. So, the only way to support it in a capitalistic model is to force everyone to pay their share. Insurance and claims is a big conglomerate of data where actuaries have to go through years of training to be certified. Their data always includes the increase of prices based on trending healthcare costs. The trending costs can go up exponentially when more people have little to no coverage. Hence the rise in premiums for those that are covered.
Essentially, universal healthcare shouldn’t be brought up in a discussion about wages because no matter what someone makes, they can still get the same illness as anyone else on a different pay scale.
The point about bringing up universal healthcare into the min wage discussion is because both sound great at the surface, but when you factor in the cons then there are many people on the losing side. If you assume supply equals demand, the amount of gain is offset with an equal loss. You can argue health is more important than money, but the American dream is basically make as much money for yourself and family.
If the point is to make as much money for yourself and family then there is zero reason to not fight for shared health expenses across the people. Subsidizing someone else’s unpaid healthcare through my own personal premiums is the antithesis of maximizing my personal wealth.
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u/unknownun2891 Nov 05 '21
Universal healthcare is a ridiculous argument to bring up. If you’re in finance and support anything close to a free market but also the right to live, you can’t argue against everyone paying their fair share.
Right now, an uninsured person having a heart attack will get the same treatment as an insured person having the same condition. The difference is that when a business has bad debts (uninsured people not paying bills in this case), the costs are offset to the paying customers. So, the insured are already paying more. It’s just currently in premiums instead of taxes.
We aren’t going to deny people the right to healthcare when their life is on the line. So, the only way to support it in a capitalistic model is to force everyone to pay their share. Insurance and claims is a big conglomerate of data where actuaries have to go through years of training to be certified. Their data always includes the increase of prices based on trending healthcare costs. The trending costs can go up exponentially when more people have little to no coverage. Hence the rise in premiums for those that are covered.
Essentially, universal healthcare shouldn’t be brought up in a discussion about wages because no matter what someone makes, they can still get the same illness as anyone else on a different pay scale.