How can it be that a company makes a 30% margin being the gate keeper between you and your doctor? Why should a hospital chain make a 30% margin delivering health care?
How is that moral? There is no risk in those businesses.
People exist. That is not changing anytime soon. They will fall ill. That is not going to change anytime soon either.
There is no moral justification for making a profit in these enterprises. They take no risks. Health care is health care. It is little more than a commodity. Only an abuse of market forces permit an enterprise to command a 30% return.
The Mayo Clinic is a not for profit Hospital. They try to make a 3% margin. That provides the necessary capital to make needed investments. Does anyone want to suggest that the care from the Mayo Clinic is not good enough?
So what if some insurance company making a 30% margin suffers a business set back if the Govt provides the administration necessary to deliver health care at a 3% cost of administration? So what? We save 27%. If anyone wants to pay extra for extra coverage, trust me, the market will provide.
As for device manufacturers and pharmaceutical firms, OK, they take a risk and deliver unique goods. They must be rewarded with reasonable profits.
It is simply immoral to make a profit delivering health care. End the for-profit model in all insurance and in hospitals.