Thursday, January 25, 2007

Privatising health the wrong way

Health funding is a huge yawn. But it's one of the biggest political problems the world over. Now Germany has come up with a novel way for the state to get out of the difficult dilemma of facing greater health needs than available funds. Pass it on to the private sector and legislate their mandatory acceptance. That's what the latest plan entails. The insurance company cannot refuse people and cannot control the premiums they charge. Result - the insurer will have to subsidise policies for some by charging others more and some insurers will simply bite the dust (very good for competition).

And when you think about what our government did to Telecom, well it's not inconceivable they might find this idea very attractive.

No comments: