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Title: Blog by Novelist William S. Frankl, MD

Don’t Be Fooled By Health Co-Ops

Obama’s “health care” effort is in trouble.  So, he and his spokespeople are retreating slightly ––– they’ll accept health insurer Co-Ops instead of a public insurance plan.  Don’t be fooled ––– this is embryonic single payer  “light.”

1. They are still insisting insurers do the following:
a. No pre-existing conditions.  Guarantees people access to health insurance at rates             that wouldn’t price the ill or near-elderly out of the market.
b. Expansion of eligibility for Medicaid up to 300-400% of the poverty level.

But these efforts  don’t require Co-Ops.

2. There is no need to provide consumers with non-profit alternatives. There are               plenty of mutual insurance companies and many Blue Cross/Blue shield plans that             already offer insurance in many states.

3. The proposed Co-Ops would require billions of taxpayer dollars in “start up”                  subsidies and would require on-going subsidies by taxpayers; and would cause              private insurance crowd out and ultimately lead to conversion to a government run              plan.

4. Co-Ops would not have to hold amounts of capital that private plans would, and             would not have to pay income taxes on premiums that private and non-profit                 insurers do.

5. Co-Ops would eventually provide enough pressure to insist on centralized                 negotiations resulting in benchmarking off Medicare reimbursement rates.

Co-Ops are unnecessary and are merely a back door to a single payer system with no     real benefits and a large potential cost.

2 Responses to “Don’t Be Fooled By Health Co-Ops”

  1. DANIEL GARSHMAN Says:

    MY MANY THANKS FOR POINTING OUT THE PITFALLS OF THE CO-OP INSURANCE “SCHEME”. IT IS BECAUSE OF YOUR VAST EXPERIENCE IN THE HEALTH FIELD THAT YOU HAVE SHOWN THE FOLLY OF THE PROPOSAL.

  2. Terence Wilburn Says:

    Thanks This is very interesting, You are a very skilled blogger. I have joined your rss feed and look forward to seeking more of your fantastic post. Also, I’ve shared your site in my social networks!

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