OCR Text |
Show KI'IDEMTCS CAUSi: IlANKItUITCY A deficit of J16.732.000 was created by losses from flu for ono cooperative Insurance company In four western states. This Is being met by increased assessments upon the members and 18,00(H000 u being raised by higher rates. This company had 1,064,131 policy pol-icy holders and they aro paying over six dollars per cnplta extra to meet flu looses. That Is but a small part of what would have boen paid by tho four states under a system of general health Insurance by the state. As a private business, health Insurance In-surance Is legitimate and thoso pay tho bill who got tho bonefts. Ilut under the operation of state Insurance It falls on tho general taxpayers tax-payers wheather ho Is benefitted or not. Tho two flu epidemics would havo bankrupted wosto'rn states under stato Insurance. |