Saturday, February 25, 2012

Health Ins Exec Says Single Payer Inevitable

    The 2/23/2012 online edition of Forbes has an interesting piece by Rick Unger.  He quotes Aetna Insurance CEO Mark Bertolini  as saying that the era of profit driven health insurance companies is over. He says that the ban on "underwriting,"  (which is defined in the article as: finding healthy people, selling them insurance, but rejecting customers who are actually likely to get sick) eliminates any chance of making a profit.  A single payer system would solve some of our problems--but not all of them.   Check this out.

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