A reader responds with this question:
So, lets say you have a company that co-pays private medical insurance for its employees. Now here comes nationalized medicine. So now what happens? An analysis please.
The short answer is that employers cannot fund both private and government premiums.
Also, when the government system fails to deliver as promised, they won't abandon the idea of course, they will just appropriate more of every citizens pay packet. In other words they will raise the price - taxes.
We would be willing to bet that there will either be an increase in retail prices or employers will down size to compensate for lost profit as well.
So instead of allowing competition, more government regulation will be the order of the day, and Bahamians will receive worse care than they receive today.
