universal healthcare 2015 - what would happens Private Insurance?

N

nuttlys

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OK say, *if* universal healthcare actually arrives in 2015 what would happen to the current "Private Health Insurance" market? Would prices rise? would insurance companies go out of business?
 
Maybe subscribers to private insurance won't get treated in a public hospital. That would mean less busy public wards but no private income for the public hospitals.

I can't see the insurers going bust.
 
I don't know if the proposals are published yet, but in other countries, a number of providers are licensed to provide health insurance. I presume the existing players would be allowed to continue providing it.

Presumably if someone is on social welfare, they pay 8% of their income, and the state pays the balance.

Brendan
 
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