Linking campaign financing to what’s wrong with the health care system – Nieman Watchdog (7/16/07):
Think about it. Had the insurance industry not been a major contributor, we’d have fixed our health care system years ago. Its biggest single problem is the huge portion of total health care costs – about 31 percent, according to a group called Physicians for a National Health Program and others – that are consumed by the insurance and billing bureaucracy without ever providing direct patient care. Costs for marketing, broker sales commissions, actuarial costs, gatekeepers, high executive salaries, increasing shareholder profits, even the high costs of their lobbying and campaign contributions are passed on to the patient (and in most cases employers, who have been taking their jobs offshore to avoid the costs).
Eliminate that waste and we could expand health care coverage to 100 percent of our people for the same dollars we spend to cover just 85 percent today.
This of course is the reason for “high healthcare costs.”