Economics on the small scale

Tuesday, April 04, 2006

Healthcare in the U.S. of A.

What Melanie said:
Health insurance is through the roof because the insurance companies play the market with their overages. When they lose money on equities, they jack up premiums, just like they do with medical malpractice. Hubbard's solution to the fact that the US has the highest per person health care cost of any first world nation? Jack up deductibles. I don't know anyone who can afford an additional $3,000/year in deductible.

What this is about is punishing the sick. The idea that Americans are too quick to use healthcare is laughable. We are way down the list of industrial nations in life expectency and our infant mortality is the highest. As with most of what passes for "social policy" with the Right, this isn't about solving problems. It's about apportioning blame and punishment. Blame the victim when you don't know what else to do.

Besides 'Health Insurance', the same logic applies to Medical Malpractice Insurance, but even worse. Medical Malpractice Insurance costs get passed on from doctors to patients or rather to their insurance companies (if lucky), From 'Health Insurance' companies to employers, and from employers to employees.

This is a situation that just screams for disintermediation. I want a healthcare system whose purpose is Public health, not an extortion side gig for that pays for their stock market addiction.


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