Health Insurance Companies Are Useless. Get Rid Of Them

Even as individual Americans fret over losing their private health insurance, big employers have begun to see the light. Boeing, among other big employers, is experimenting with bypassing health insurers as intermediaries with providers by contracting directly with major health systems in Southern California, Seattle and other regions where it has major plants. It would not be surprising to see the joint venture of Amazon, Berkshire Hathaway and JP Morgan Chase try a similar approach in its quest to bring down costs.

That's an ironic development, since the private insurers first entered the market precisely by offering to play the role of intermediaries for big employers. But instead of fulfilling the promise of efficiency and cost control, they became rent-seeking profiteers themselves.

There's no doubt that it will take years to wean the American healthcare system off the private insurance model; Kamala Harris's proposal may be merely a recognition of the necessary time frame. It's true that some countries with universal healthcare systems preserve roles for private insurance, including coverage for services the government chooses to leave out of its own programs or providing preferential access to specialists, at a price.

But the private insurers' central position in America's system is an anachronism dating back some 75 years. The sooner it's dispensed with, the better, and healthier, America will be. The next time a debate moderator asks presidential candidates if they favor doing away with private insurance, let's see all the hands go up. ___ Distributed by Tribune Content Agency, LLC.

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