Roger Marks is an independent insurance broker in Los Angeles and says Obamacare results in wage and price controls that will create shortages. He's one of 13,000 agents in California trained and registered to sell through Covered California.
This is the third article in my interview with him. The other two articles are listed below.
You're saying the erosion of the private health sector leads to reduced quality?
In a vast majority of countries that have instituted wage and price controls and socialized medicine, the average citizens suffer a dramatic loss of quality.
Now this is not true in every country for different reasons.
If you look at major countries with populations similar to ours, the constant complaint is about the quality of service for those who are sick. If you really want to be treated well, you have to fork out cash and pay the doctor.
England and Canada
In England, there are private hospitals versus the national health service. You either have extra cash for private services, or you become a medical tourist and leave the country and go to India. And get the heart bypass that in England you were told you had to wait four months for or six months for.
'In Canada, the prime minister went to Florida to get a heart bypass surgery and he was criticized for it. But he said, 'I want to live.'
This is a spiral, when Canada first created their plans it was illegal to buy other types of policies. So much money escaped the economy, people were taking their dollars and going to Minnesota to get procedures they could not get.
You get medical tourism, and in this country you already see it. People here go to Mexico. They can pay cash and it's cheaper. There are no regulations. You want to buy a prescription drug you go across to Tijuana, and the pharmacist will fill it for a quarter of what you pay here.
They don't have regulations, they deal in a cash business, and their profit margin is higher.
The constant refrain is we've created a more fair, free market. That's not true.
We've created wage and price controls,
We're on the boat of telling doctors how much they can earn and if you look at the legislation, all loans for medical school will have to go through the government.
Roger Marks lives in Valley Village. He has been selling health insurance for 25 years and said many brokers are changing careers, but he will stay in the business for his clients. He says he has faith in the free market and the reality will force current policies to change.
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