6 reasons privatization often ends in disaster

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Private systems are focused on making profits for a few well-positioned people. Public systems, when sufficiently supported by taxes, work for everyone in a generally equitable manner.The following are six specific reasons why privatization simply doesn’t work.1. The Profit Motive Moves Most of the Money to the TopThe federal Medicare Administrator made $170,000 in 2010. The president of MD Anderson Cancer Center in Texas made over ten times as much in 2012. Stephen J. Hemsley, the CEO of United Health Group, made almost 300 times as much in one year, $48 million, most of it from company stock.Continue Reading…

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