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On the real cost of Private Health Insurance

  • Richard Allen
  • Aug 5, 2018
  • 4 min read

Wages are allocated from the variable capital portion of the overall capital of the Capitalists. Its purpose is the reproduction of the working class in order that it be exploited in perpetuity to the end of time itself.

Part of this necessary reproduction includes food, housing, clothing, etc... However capitalist and their clever petty bourgeois ideologist allies have manage to convince their labor aristocrats, that healthcare is a privilege to be earned. A reward for loyalty to its private master.

They get away with this nonsense by the importation of foreign workers to replace the native workers who have not been able to reproduce their necessary labor because of their premature handicapping and death.

To sum workers have already paid for their healthcare in their wages. But they are often forced to pay for it again out of their respective budget already allocated for other necessities of living like food, etc,...

Government costs of administering Medicare is between 3% and 5% on the dollar, while private insurance ranges from 20% to 40% on the dollar.

It has become an additional profit center far above the traditional profit derived in its labor contracts.

It is a fraud sitting on top of another fraud.

So regarding your taxes concern, they would be actually reduced by converting all private health insurance to that of the public.

The government refuses to tax according to where the income is being directed, i.e the capitalists. So I understand why the middle classes and even the labor aristocratic working classes fear relieving this disgraceful crime against unprotected workers. In the US, this class is the majority.

I will not make a moral argument, although it exists. Let me appeal to your selfish self interests. There are opportunity costs to this reactionary position of private health insurance.

The US spends more on its health care than any other capitalist country on the globe by a far margin. This cost is an important part of prices of commodities produced in the US. Remember that commodities must realize all the costs of its production.

The US trade deficit is also correspondingly the greatest on the planet. In fact the greatest in the history of foreign trade.

US products are not competitive with respect to its foreign capitalist comrades. Thus constant capital is being driven abroad where it can maximize profit. The industrial sinews of its respective Imperialism is wearing thin. Thus the rise of Trumpism.

It is difficult to impose its will and almighty dollar on an increasingly reluctant planet without steel and aluminum plants, etc...

The US is transforming itself into a Third World banana republic which its only competitive commodities are those commodities with the least value added, like in the agricultural and service sector or basic assembly work. Wages for these sectors are also Third Worldish.

All wages gravite to the bottom when the bottom gets to fat. So even your wages whatever your profession has to drop accordingly.

The only thing holding up what remains of the middle class in the US is the inflated value of the US dollar. It forces other capitalist to sell their commodities not for an equivalent value, but a promise to pay later or loan. About the only thing that a foreigner can buy with his dollars is in the equally over inflated real estate market. Thus the trillions of dollars in US Treasury bonds that an ever fearful Capitalist World is force to place their excess dollars and increasingly useless dollars.

While currencies in other capitalist economies are given value according the value embedded in their respective commodities. The US as I have shown does not have this foundation for value.

How is the US dollar flying so high on the World markets? Victorious WARS!!! Nations that do not accept the US dollar gets subverted, invaded and destroyed.

US Imperialism is a vast parasite that is sucking the life out of the planet.

It is not for nothing that the upper middle classes support guns for butter politics, like the ISO, Democratic Socialists, F-35 Bernie, etc... Without a victorious war the dollar would collapse and an instant bankruptcy of these very same upper middle classes would occur.

For their only commodity is their loyalty, castration of the Working class and propaganda that they generate for their Imperialist Capitalist master.

Why do foreign capitalists put up with this parasite? Only a single World policeman/hegemon can force commodity prices to lowest possible levels. China, Russia and Germany are all making moves to show their fellow capitalists that they are more worthy of the title of World Hegemon then the US.

There is also a movement for the installation of a transnational Capitalist dictatorship by the likes of Soros, Gates, etc,... being push by their henchmen like the Clintons, etc...

While these capitalist elephants confront each other the working class is being crushed underfoot like ants. We have to stop thinking on the World horizon of ants.

Support Healthcare for all workers. Whether they are native or foreign workers. A worker has no nationality. Only a slave has nationality, it is his or her chains.

 
 
 

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