The Illusion of Freedom that is Private Health Care Insurance

Many persons continue to prefer an health care model within which a public health care plan coexists with private health care insurance.

It is matter of fact that private health care insurance that is affordable and worth having typically is obtainable primarily through employers. It further is true that since introduction of the Obama Health Care plan, costs of private health care insurance that are obtainable through employers have skyrocketed. While the Obama Health Care plan does not have character of an alternative to private health care plans, the fact that, regardless, costs of private health care insurance have skyrocketed do not bode well for feasibility of private health care insurance whose costs do not increase faster than the rate of inflation.

For concreteness, with private health care insurers quoted on the stock exchange, and responsible to shareholders who demand ever increasing returns, it is unlikely that there ever will arrive any time period during which health insurance premiums do not grow at a rate faster than the rate of inflation. We arrive then at the following stylized fact.

If you stick with private health care insurance, there will not be arrival at any capping of your health insurance…