Thursday, February 10, 2011

Health Insurance? Surely, you Jest!

The issue has never been one of insurance, but of health care. Young people don't worry much about it, elders do. Confusion may stem from the notion of "Life Insurance" which is recognized (when purchased at a young age) as an investment because everyone knows you can't insure against death; accidents, yes (hence "term" insurance), but death, no. So the misnomer has gotten us into trouble because it is a deception, just as the "Patriot Act" has nothing to do with patriotism, rather it is used instead of "tyranny" or "authoritarian", two more accurate, but less endearing terms.
We need to pay forward for health care that we will need in the future, rather than paying after the fact as we are trying to do now. When you register for your Social Security card, you should also be signing up for contributions to future health care. The taxation should be progressive, not flat or regressive. Small contributions early in life, and carefully invested in funds pegged to dynamic indices of economic status, will be sufficient to pay for increases in health care costs as the individual ages.

This is not "socialist"  but paying for your own care in advance. More a way of insuring the rest of society that they won't have to pay your bills when you can't scrawl out your own checks. Yes, the population may have to be compelled or required to do this, because freeloaders will be searching for loopholes, but, if they don't like it, they can choose to live somewhere else. And, while we're at it, those whose children are already fledged, together with singles and childless couples who resent taxes spent on education, can choose to live in an uneducated society.
Yeah, but suppose you never get sick!

Cross-posted to the Renaissance Post

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