When something is a public good, you regulate it in such a way that may lead to inefficient pricing, but it serves the public interest. We have one military, one federal interstate system, NYC has one subway, and there is a ton of examples. I'm not saying there needs to be one health care system, and I don't think like a Marxist. If people just read what I wrote before, health care isn't a perfectly competitive market, the product/service being provided isn't a widget, so you can't always use market mechanisms.
Ahh, but are you sure? The government just put a price tag on the worth of a life in a GAO report. How does $50,000 sound. And based it on Medicare reimbursement rates. Should we then allocate $50k and when it's gone it's gone? Does my buddy the crack user have any more or less intrinsic value than Mr. Gates? (personally as a unix user I'm going to keep my editorial mouth shut on this one, since I'm not so sure a monopolist has any value in a market society).
I agree we can't have perfect scores on all measures - but we don't have even two right now. Basically, we have the highest quality in the world. It's too expensive, and it's not accessible.
Do we? I read recently that US trained physicians have set up a shop in India, free of US constraints and regulations and now provide cardiac care at US quality at a small fraction of the costs. Americans, paying cash, are travelling to India for care that is unaffordable with insurance in the US. So, perhaps we are on the verge of being forced to become more competitive?
If we can have two, we should have two. If we are spending 30-50% more than many industrialized countries, then we should be able to re-engineer a little bit, for better outcomes. You cannot tell me that costs can't be controlled, and it should be left to the wind.
Not saying that at all, Am saying TANSTAAFL. (There ain't no such thing as a free lunch.) All that government/insurance company paperwork must be paid for by someone. Do you really think that spending 120 hours figuring out your income tax and keeping records is free and cost effective? If you earn a typical salary, you will pay around $10k - $20k in income taxes and spend 3 weeks (lost opportunity cost) or around $12k in your time just figuring out how to pay them. Unless you hire an accountant who will cost $60k/year to do it.
If we did that in the 1980s, instead of 14% of GDP, health care would be 20% of GDP. A pure fee-for-service system with a third party paying the bills feeds right into greed of physicians and patients, and that's what was happening. Something had to be done.
Exactly. Get rid of the third party payers. Once the cost of something is reassociated with the benefits then perhaps we will once again a.) take responsibility for our own health and b.) as unique individuals assess and select and negotiate our best outcomes and choices. And that may include a vacation to India for our bypass.
I agree - any system based on unsound principles will collapse. That's why throwing market solutions to a system that doesn't work like a tradtional market may lead to its collapse. But sounds systems that are not funded will collapse, as well, and that's happening in a lot of countries. It's a matter of finding the right (or rightest) way, and promising to pay for it.
On this we will disagree, as does the government. The government is artifically depressing the market. A recent survey study was made of mammography pricing and costs. I don't recall who did it, but the gist of the study was that mammography was available to women who did not have insurance and were not medicare/medicaid eligible. Due to the MQSA, mammography centers must all meet the same standards which levels the playing field among providers. Obtaining a mammogram was voluntary and insurers are forbidden from dictating from whom you will obtain a mammogram. The authors found that the mean price of a mammogram was $186. Considering the ACR estimates the costs associated with a mammogram are $96 and medicare pays something like $36, it seems clear that the free market is subsidizing the government.
This is a tax which is not accounted for as a tax. It does create overlap in the supply demand curve and this happens in everything the government does. This is not about overpaid fat doctors getting rich and buying Lear Jets. It is about providing a service of value to those how value it at the lowest possible cost which covers the entry price for suppliers, in this case, 10 plus years of training in the most economically productive years of most people's lives who don't do this arcane training process we call medical education, as well as the cost of running a business, including capital equipment, personnel, insurance, and other costs. All the while the government claiming that medicare is cost effective, while it understates dramatically the costs incurred. As governments have done in the beginning, now and forever, world without end, amen.
About that war in the 1800s? Any Southern boy will tell you wasn't about human conditions, it was about States' Rights and Northern aggression 🙂
-S
And they are right! The South was failing even then economically and if we had been more patient we might have been able to end slavery without a war. But when you're the slave, who wants to be patient. Want a 20 year residency? 'Night
😀 😀