Blue Cross Blue Shield Have a Monopoly on Heath Care.
September 30th, 2009 | by BGuzzardi |
Joe Sestak’s proposes creating a government company to compete with a government sponsored entity, the highly regulated monopoly Blue Cross Blue Shield.
From Representative Sestak’s Town Hall, Lynn Yeakel, moderator.
“The public health care option. Approximately 42% of the state’s population live in the Philadelphia area, and in that area 70% of the people are insured by one company. Through the state two companies insure 70% of the population.
2) How the pay for half of it; the president’s plan he reduces the mortgage deduction for the very wealthy to pay for part of the proposed health care reform.”
Perhaps competition across State lines would work and free health care insurance from regulatory created monopoly. By raising the bar, competitors are precluded from entering the market, reducing supply and raising costs to consumers of health care who need affordable premiums. The government has been working against the health care consumer.
The cure for monopoly is free market competition with minimal government regulation.