Reply #17: you in the U.S.A are always being warned off [View All]

[reprobate]

That's because most of the sheeple in the USA are ignorant selfish yahoos who refuse to spend the energy to become familiar with the facts of life in the Corporate States of America.

After many years in the insurance industry I can tell you that the cost of sale for health insurance, in particular the individual family policy vs the group health policy, can run up to 40% of first year premium. It's not quite as bad with the group policy, but still up there near 20%.

I saw the industry go from one driven by the agents, with the products reflecting the need of the policyholders, to on driven by the beancounters. Policyholder complaints went thru the roof.

However tells you that the private sector can do it cheeper than the public sector does not know the facts. Compare the cost of sales of the insurance industry to the cost of medicare. Medicare pays a flat 3% to the administrator of the plan, which last I knew was BC/BS, and BC/BS even made a profit on that.

Insurance is no secret cabal. It works on the principle of spreading the risk over the largest pool possible. The larger the pool, the lower the risk for the individual members. You can have no bigger pool than the entire population, so you will see no greater efficiency than insuring the entire population as one pool.