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I'm going to ignore everything else in this thread to see if I can get out of here without being harassed by either side. Both in this thread have made good and bad points.
I assume, J, that you're referring to the notion of government-run / single payer health insurance. An interesting argument for it that I can remember from Victor Fuch's books (professor of Economics at Stanford, has been covering healthcare policy for decades) - competition. Sounds paradoxical doesn't it? His stance, if I recall correctly, is that it's difficult for there to be competition in healthcare because, well, when you get sick, you need it. People don't really have other options when they need help. Having a large single payer means that there is now leverage. There is a large consumer that all healthcare companies want a piece of. Potentially, costs are lowered.
This is my personal addendum to the idea. Most of these ideas come from "History of Public Health" by Rosen. Lowered costs lead to additional benefit. Saved and pooled resources are used to help those who cannot afford it. Why is this important outside of the realm of social justice? Public health has been found to be important since ancient Greeks were around. Preventing/treating illness in the poor prevents health issues from spreading to the rest of society. Keeping the overall population healthy results in less lost productivity since people get to do their jobs.
Now, I know that someone is going to immediately complain since, well, this is the internet. Actually read Fuchs' work or stfu. Fuchs explores the topic of universal healthcare, but it is only a single point in his work. There's much, much more he goes on to talk about. Example - he explores what might be gained by providing people with buying power, either by returning money or lowering taxes, and allowing them to invest it as they see fit.
At one point, he makes the conclusion that healthcare or insurance reform can only do so much. If there are a disproportionate amount of sick people, then things will continue to be expensive for everybody. This idea is probably the basis for Pelosi's diet proposal, which, yes, is utter insanity.
I would start with "Who Shall Live?". It's a good introduction for someone who has never studied economics seriously at the college level (this is beyond econ 101). He lays out a lot of the basic principles and factors that are being considered. Also, there are a lot of economic concepts that are explained regarding supply/demand.
Okay, I'm leaving now and never coming back. I don't even read the politics sections on CNN now because it turns my stomach. A personal opinion - if you actually want to debate an issue, it's easier to get productive discussion when you don't whine with phrases like "Princess Pelosi" or "Nazi". They serve no purpose except to increase vitriol on all sides.
Residents and medical students don't have time to read economics books for fun. What I do know is that the majority of the patients I've seen in clinics have preventable diseases. Diabetics chowing down on mcdonalds, feeding their 2 year old son chicken mcnuggets, patients on a statin still smoking 1 pack per day. And now you want me to pay for the healthcare of these idiots because they can't afford it? Get out of here. These patients should actually pay higher premiums than the average healthy person, but all these politically correct jack@$$es believe everyone needs to be treated equally and we can't discriminate. Overeating is an illness, addiction to cigarettes is an illness, cheating on your wife is an illness/addiction (tiger woods). I really wish America would just shut their f'ing mouths and take responsibility instead of whining "it's not my fault, I have an illness." Wake up folks - actions have consequences.