As with most political issues, this is best explained with cows. Unfortunately not everyone can have two cows.
Private health care: You have no cows (unless you have almost all of them). In order to get enough milk you have to persuade the corporation that guards all the cows that you are not a milk thief. You have to pay them tribute in order to
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Interestingly health insurance is already sort of socialized in that everyone pays in to cover everybody else. The difference is that this socialized system is run by private companies that skim a lot off the top. In a government-run system, the amount of money going in would ideally be exactly the same as the amount coming out, so it should be a lot cheaper.
Anyway, I don't think the case has ever been made that having socialized healthcare would mean getting rid of private insurance. There is no reason both couldn't exist alongside so that people concerned about the potential problems with socialized healthcare could still just do it the old way.
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