Reply #5: I agree totally. [View All]

[donco6]

Any large corporation worth its salt KNOWS that they should self-insure the bottom layer of their health-care costs. They should then purchase additional layers for catastrophic coverage. They have cash; might as well put it to use funding health care for the basics, and let the bigt insurance pools fund the rarities.

And that's what the US should be doing for us. They should be funding the basic layer at the very least (preferably all of the costs). That would be the prudent thing to do. But no, we're stuck with private insurance.

Don't people understand that insurance serves no purpose but to get between you and your health care? It's just a big pool of cash that you buy into. Like a casino, they only make money when they take in more than they pay out. The government can fund this pool, and they don't have to make a profit.

I think Obama should veto this bill - save everyone a lot of effort. It's worthless.