You’ve heard me saying it often enough. And later this week I will start to tell you my new personal horror show in navigating yet another twist in the individual insurance market. But given the lack of a rational government regulated system that anyone can access, the NY Times is right to say that Employer-Backed Health Care Is Here to Stay, for Lack of a Better Choice.
What is also clear, though, is that there are no clear alternatives. Corporate executives and many others are leery of a government solution, but no one has come up with a private-sector option that has gained significant support. Because individuals who buy private insurance on their own pay much higher prices than the group rates employers get, many people could probably not afford health insurance if their employers were not buying it for them.
And I love what Helen Darling, the voice of big employers on health care, says in this juicy quote.
"There’s no functioning individual market" for insurance, Ms. Darling said.
Too bloody true, no matter how much free-market fantasists who haven’t read their Adam Smith might wish it weren’t so.