The New York Times article about the large increase in health insurance premiums made me wonder- what if all Americans got sick of these insurers' incessant search for higher profits and large bonuses to their executives and decided to pool their money and start a non-profit health insurance company? I know that many people argue that the striving for profit provides innovation and better products. But, is that really the case when dealing with something like health insurance? You examine the claims, set your rates, and make sure that you have modest profits to cover losses. You negotiate with the hospitals and medical providers for reasonable rates. And, since there would be just one insurance company where else would the hospitals and providers go. Hmm. Sounds a lot like Medicare. And, that's not a bad thing. Ask most Medicare users if they are happy.
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