Health insurance is just math | AspenTimes.com

Health insurance is just math

Dr. Georage Bohmfalk is correct that there is a huge difference between the expenses (overhead) of private health insurance (20 percent) and Medicare (3 percent).

An even larger issue is that health insurance (not always synonymous with health care) adds no value to the system. It is just math.

Insurance companies take in money (premiums), deduct expenses (overhead) and pay out the remainder to providers.

It does not matter whether you pay the premiums to the government as taxes (Medicare) or to private insurance companies (employer or personal premiums). Employer-based premiums come out of your salary and personal premiums, or taxes, come out of your pocket.

Health insurance should not represent a political philosophy; it is just math.

I look forward to more columns by Dr. Bohmfalk.

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Michael Marek

Aspen

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