| What If You Knew - NM |
| Supporting the Health Security for New Mexicans Campaign |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
Insurance Company Based System...
Cost of Goods or Services + Reasonable Profits = Price of Product
You can reduce the price of a product by reducing profits or by reducing the cost of the goods or services.
Hospitals and doctors have been under pressure to reduce their prices for at least the last 35 years. Changes
have been made but the price of the product (health insurance) continues to go up. Over the last 35 years the
changes that have been made that have saved money have had very little effect on the price of our insurance
and then those savings has always been very short lived.
The Health Security Act can provide our health care at a lower price because it will operate very differently than
conventional for-profit insurance companies. The HSA will not be profit based. The HSA will operate on the
basis of economy of scale. The HSA will place all of the eligible citizens of New Mexico into a single risk pool.
That will greatly reduce our individual cost for health care coverage. This fact has been studied and has been
proven in single-payer type health care coverage systems all around the world.
The only part of our health care costs that we can change without affecting health care outcomes is the cost of
health insurance. Administrative costs and profits in health insurance are expendable, we will get along just
fine without them and we will be able to cover more people more completely without them.
Change the Paradigm...
Consolidated Sources of Goods or Services Price of Product
The Health Security Act is not an insurance company-based system, it is very different. It is a different
paradigm, the insurance company is secondary, no longer in a position to tell people that they are too
expensive to cover or that their risk is too high. Since profit is no longer the main focus, profit does not exist in
the Health Security Act, the benefits will be available to everybody and the monthly payments, premiums, will be
less than what we pay now.
The reserve capital that an insurance company is required to maintain is invested for profit to the insurance
company directory and stockholders. Under the Health Security Act the returns from the investment of the
reserve will be put back into the reserve thereby reducing the individual's monthly bill.
Cost of Goods or Services + Reasonable Profits = Price of Product
You can reduce the price of a product by reducing profits or by reducing the cost of the goods or services.
Hospitals and doctors have been under pressure to reduce their prices for at least the last 35 years. Changes
have been made but the price of the product (health insurance) continues to go up. Over the last 35 years the
changes that have been made that have saved money have had very little effect on the price of our insurance
and then those savings has always been very short lived.
The Health Security Act can provide our health care at a lower price because it will operate very differently than
conventional for-profit insurance companies. The HSA will not be profit based. The HSA will operate on the
basis of economy of scale. The HSA will place all of the eligible citizens of New Mexico into a single risk pool.
That will greatly reduce our individual cost for health care coverage. This fact has been studied and has been
proven in single-payer type health care coverage systems all around the world.
The only part of our health care costs that we can change without affecting health care outcomes is the cost of
health insurance. Administrative costs and profits in health insurance are expendable, we will get along just
fine without them and we will be able to cover more people more completely without them.
Change the Paradigm...
Consolidated Sources of Goods or Services Price of Product
The Health Security Act is not an insurance company-based system, it is very different. It is a different
paradigm, the insurance company is secondary, no longer in a position to tell people that they are too
expensive to cover or that their risk is too high. Since profit is no longer the main focus, profit does not exist in
the Health Security Act, the benefits will be available to everybody and the monthly payments, premiums, will be
less than what we pay now.
The reserve capital that an insurance company is required to maintain is invested for profit to the insurance
company directory and stockholders. Under the Health Security Act the returns from the investment of the
reserve will be put back into the reserve thereby reducing the individual's monthly bill.