Mark Cuban: Gov’t Should Provide Single Payer for Catastrophic Care, Chronic Illness

‘Everybody you know is going to get sick at some point and not everybody is going to be able to pay for it’

RUSH EXCERPT:
BOLLING: “You’re basically saying the government has to provide a single payer system for catastrophic health care.”
CUBAN: “And even less than catastrophic health care, for chronic illnesses and serious injury as well. So, the answer is yes, single payer for those. Everything else can be absolutely free market.”
BOLLING: “How does it go in the budget? Where is the pay for it? That’s quite a program.”
CUBAN: “It’s a great question. Right now we’re paying for it taxes. One thing I would change, I would take the insurance companies out of the equation completely. I don’t know, in the health care, whether it’s ObamaCare, whether it’s trump care, or don’t care, whatever you want to call it, I don’t think the insurance companies solve any problems or actually deserve to be in the mix and so, we’re already paying into insurance companies, we’re already paying for various types of health care, we’re paying in local and state taxes, to take care of paying for hospital programs, paying for emergency room programs, I forget the exact name of the program. We’re paying for it anyway, if you take the insurance companies out of the mix then really the arbitrage is the 20% plus profit margins of the insurance company versus the inefficiencies of the government and using new technology and new approaches, can we reduce the inefficiencies of the government to less than the insurance companies profit margins? I think the answer to that is yes.”
 

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