Of course it could work here, because it is based on sound economic theory. The 'for profit' private insurance we have now is not based on sound economic theory. Anyone with a hint of understanding of a market transaction can see that the patient does not have leverage in the transaction. The incentive for the patient is to get the best care. The incentive for the insurance provider is to find a way to deny care to increase profit.
And insurance corporations know they can't compete with a government plan. The Medicare program that we have is a government-run program that has administrative expenses around three percent. Private insurance corporations administrative expense is around 20-30%.
America ranks number one in cost per GDP but ranks 17th out of 19 industrialized countries in mortality rates. The top 15 countries all have strong state funding of single-payer universal health care, instead of insurance based health care tied to employment. The bottom four countries – Germany, USA, Portugal and Switzerland – all depend more heavily on profit-based, private health insurance provided primarily through the employer/employee relationship.
America’s Health Care System at the Bottom of the Heap
Your argument is not based on any economic theory. It is solely based on FEAR.
The freak: "The government is not trying to protect your interest. They are trying to gain control over you in yet another aspect of your life. That is what you are fighting for. You are not fighting for actual REFORM."
No passion so effectually robs the mind of all its powers of acting and reasoning as fear.
Edmund Burke