Friday, February 19, 2010

Californian Death Spiral

A challenging and gripping heading for an OP-ED by renowned Paul Krugman in the NYT today.
The health insurance business is facing a crisis in California and I expect elsewhere becuase of the financial crisis. People who think they are healthy and less likely to need insurance coverage are dropping out or moving to to cheaper less coverage options. Naturally the people who know they are sick or likely to be hang on. So the proportion of uncalled on premiums of the healthy which pay for the treatment of the sick falls and the insurance companies increase premiums some as much as 39%. A death spiral for sure.

Caused of course by the natural instinct to look after oneself and to hell with the rest of the world. This is a basic right wing characteristic and promoted as a good thing. It isn't and merely provides the best argument I know for compulsory contributions to preferably a government run or government owned , non-profit making, organisation to handle health care for everybody in the country.

It beats me how a leading country of the world can be so blind to this basic need for its people. How a so called civilisaded people can be so primative in its approach to health care for so many of its people. For somebody living in a sensibly run country it is hard to imagine a situation where 20% or well over 45 million of one's fellow citizens do not have access to health care other than emergency situations. It is a situation really too horrible to contemplate .. yet the right wing think it is good .. how wrong can the right be. Oxymoron ?

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