A Yankee Notebook: The public-private schism - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
December 28, 2024 Newswires
Share
Share
Post
Email

A Yankee Notebook: The public-private schism

Willem Lange A Yankee NotebookThe Times Argus

I was checking out at the supermarket the other day, and as usual, fell into conversation with the checkout person, an elderly woman. She was sharing a bagger with the next lane over. When the bagger — another elderly lady — joined us, I noticed a pretty heavy limp. Happily afflicted as I am with the condition called "age-related disinhibition," I naturally asked her what was wrong.

The problem was a deteriorated hip joint. It'd been getting worse for years, and now was seriously debilitating. I asked why she didn't get it replaced; it's a fairly easy and quite successful operation. She couldn't afford it, she said. She was covered by Medicare, but it didn't cover nearly enough of the cost to make it possible. She was clearly resigned to her situation. It wasn't hard to see what was coming. The hip would get worse, and her debility would cost her the job, such as it was. And then …. ?

It was a reality check for me, I haven't gotten a medical bill in almost 25 years. I recall now that, prior to my 65th birthday in the year 2000, the medical insurance (if we used it) for just my wife and me cost us $14,000 annually: $8,000 for our premiums, and $3,000 deductible apiece. What a relief it was to give that up for government coverage, even though adding Part B cost about $200 a month for each of us. Later, when my wife's health began to fail, we added Medicaid (an incredibly complicated process for a senior citizen, though assisted cheerfully and competently by Vermont state advisers, who led me through the routine). The Medicaid premium was based on our income, and at the time, cost just over $1,000 per month for nursing home care that would have cost us at least $10,000 otherwise. You may conclude I'm a big fan of government health care insurance.

Which is why I'm mystified that we here in the United States seem to cling so tightly to our so obviously illogical system of health care. We claim it's the best in the world, but statistics prove otherwise. I have no problems with it myself, but I'm one of the lucky ones who can afford the supplementary premiums and the cost of prescriptions. What about the millions of my fellow Americans who can't?

The notion that private health care insurance is superior to government-run insurance is philosophically attractive, but in practice, laughable. The goal of any business is to provide a service or product and show a profit. Any health insurance business shows its investors the healthiest profit when it manages to pay the least in benefits. The recent fatal shooting of a health insurance company chief executive officer seems to have had its roots in this phenomenon. Reaction to the murder on social media has been interesting. While twisting themselves into knots to deplore the murder itself, commenters have surrounded the shooter with the aura of a Robin Hood.

It's not hard to see where the public-private schism first took root. Ronald Reagan, who spent his professional life reading scripts written by others, slipped into his 1981 inaugural address the notion that government was not only incapable of solving people's problems, it was the problem. That root has grown and blossomed into today's general mistrust of government. And private corporations, including many in the health care insurance industry, have made the most of it.

I realize that I'm but a naïf when it comes to the convolutions of actually governing (which includes the fine line trod by congresspeople between constituents and donors), but you know, the kid who saw the king as naked, was one, too. Almost all of us Americans have been raised to believe our country is the greatest in the world and in any dispute, we are the virtuous party. Those are demonstrably false assumptions. Pick any category —literacy, life expectancy, infant survival rates, even geographical knowledge — and we rank well down, or even off, the list. I can vouch from experience that the average Cuban school kid knows American geography better than most American adults.

There are no doubt many arguments against doing away with our current system of health care insurance. To claim the government is too clumsy or bloated to manage it, is a gross canard. To accept with resignation that the system is too entrenched to change, is bogus. To claim that government control is a step toward communism — can't we someday get over that old bogeyman? It should have been buried with Joe McCarthy and J. Edgar Hoover. We need to catch up with the rest of the world. As Woody put it so memorably, "If you stick together, boys, it won't be long."

Willem Lange is a regular contributor to Weekend Magazine. He lives in East Montpelier.

Older

Consumer confidence pulls back but a tech stock surges past market darling Nvidia

Newer

West Virginians say medications have helped them lose weight, but coverage can be a problem

Advisor News

  • CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
  • How executive benefits impact an estate plan
  • 73% of US business leaders say economic uncertainty keeps them from focusing on transition
  • A new era at the Federal Reserve
  • What advisors need to know about the life settlement boom
More Advisor News

Annuity News

  • State Farm’s agency overhaul: What distribution can learn
  • IRI, ACLU express support for CLEAR Forms Act
  • A new era at the Federal Reserve
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Why annuities are gaining traction with younger investors
More Annuity News

Health/Employee Benefits News

  • KFF HEALTH NEWS: MEDICARE'S AI PUSH SNARLS PATIENTS AND DOCTORS IN ERRORS AND DELAYS
  • SPECIAL ENROLLMENT PERIOD NOW OPEN FOR INNOVATIVE HEALTH PLAN; HEALTHCARE PLAN; AND ACLP HEALTH PLAN ENROLLEES
  • Collinsville man, St. Louis woman charged in Illinois health fraud case
  • Enrolling in Medicare
  • Health Insurers Are Seeking Rate Hikes Again. Here Is What To Know
More Health/Employee Benefits News

Life Insurance News

  • State Farm’s agency overhaul: What distribution can learn
  • They Allegedly Enrolled People In Life Insurance Without Consent. Then Death Claims Paid Out
  • How much do state residents need to retire comfortably?
  • How executive benefits impact an estate plan
  • Connecticut retirees face high savings hurdles
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet