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The socialised systems in Europe (or several countries here at least) suffer from the same problem as ObamaCare, and your current health care system: a powerful oligarchy of insurance companies. These companies have no incentive to drive down health care costs, on the contrary. They'd much rather pay twice as much and double our premiums at the same time. On top of that these companies (at least in NL) are building their own health care bureaucracies to do stuff that has little to do with insurance but looks nice, like helping customers live more healthy lives... useful stuff to be sure, but paid for by our premiums and very, very, very expensive.

One of our ministers had the right idea (he's a socialist but a clever fellow nonetheless, and smarter than many of his colleagues). Insurance is this: you collect premiums, and if someone stubs a toe, you pay their medical bill. If (like in NL) everyone is insured for basic healthcare at the same rates and under the same terms... why then do we still need insurance companies? What are they going to compete on? Simpler to let the gov't self insure and cut out these horribly expensive middlemen who add no value, leave the insurers to offer us packages for additional coverage.

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/5qWmUwIYS84/story01.htm

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