Now, I understand that structurally what the government did was essentially extend a bridge loan to AIG, but even so there is a big upside to this thing: if Barack Obama becomes President, he will have an enormous opportunity and now the means to implement universal health insurance, given that the government now controls the worlds' largest insurance company. And probably do it far more cheaply than before this event.
Because of its size, AIG will be able to directly set pricing for the entire industry. We should have a health care system that is comparable is scope to what the French have, and be able to take advantage of cost savings due to scale, and the shift away from using expensive emergency medical services to treat the uninsured to encompassing those people within the medical systems' normal framework. If we supplement that with laws to reduce the legal shenanigans of the medical insurance industry and truly reduce the cost of prescription medicine, it could be a good system.
IMHO, every company should support Universal Health Insurance as it will reduce the burden on individual companies, and provide all workers with the health care they need.
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