A Health Care System Shouldn't be Structured for Wealth Creation.

M

martin

Well-known member
Reactions against the health care industry in the wake of the killing have been apolitical. Only the Right in its customary defensiveness has tried to politicize them. Their reactions underlie a structural problem with health care and it is looming large at the moment:

A system for supporting peoples’ health should not try also to be a system for making other people wealthy.
 
I'm reminded of the economic axiom 'there is no free lunch'.

This is from a WSJ opinion piece today about Bernie Sanders:

As recently as 2019 in a Times interview with Sydney Ember, Mr. Sanders was still doing everything he could to put the best face on the horror of Soviet Russia:

During your visit to Yaroslavl, you contrasted the American and Soviet economic systems, and praised aspects of the Soviet system, like the free provision of health care and the efficiency of mass transit. Do you still admire those aspects of the Soviet system?
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The principle of providing free health care to all is absolutely right.
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The truth also is the Soviet system — the quality of care in the Soviet Union — was not particularly good. But the principle of providing free health care or the principle of providing affordable housing is a good principle. The quality of housing in the Soviet Union was not particularly good. So what the Soviet Union did is provided things to people either free or inexpensively, but the quality was not very good.
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Nordberg said:
If course I have. When people leave the US for extended periods, they do not miss our healthcare and do not miss our gun violence.
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So you say.

Healthcare is primarily a service industry.

The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care.

It encompasses the creation and commercialization of products and services conducive to the preservation and restoration of well-being.

The contemporary healthcare sector comprises three fundamental facets, namely services, products, and finance.

It can be further subdivided into numerous sectors and categories and relies on interdisciplinary teams of highly skilled professionals and paraprofessionals to address the healthcare requirements of both individuals and communities

You oppose profits, don't you? Because you oppose capitalism, don't you? Because you subscribe to the Marxist labor theory of value, don't you?

Don't you?

en.wikipedia.org

Healthcare industry - Wikipedia

en.wikipedia.org en.wikipedia.org
 
martin said:
Reactions against the health care industry in the wake of the killing have been apolitical. Only the Right in its customary defensiveness has tried to politicize them. Their reactions underlie a structural problem with health care and it is looming large at the moment:

A system for supporting peoples’ health should not try also to be a system for making other people wealthy.
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Utter buffoonery
 
The only market driven part of US healthcare today is elective and cosmetic surgery. That sector is priced well below any other portion of the US healthcare system, such as it is. It is the only sector that doesn't rely on insurance or government payouts.

Maybe the providers aren't the problem here...
 
T. A. Gardner said:
The only market driven part of US healthcare today is elective and cosmetic surgery. That sector is priced well below any other portion of the US healthcare system, such as it is. It is the only sector that doesn't rely on insurance or government payouts.

Maybe the providers aren't the problem here...
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Insurance is
 
Yakuda said:
Insurance is
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Before Obamacare it was possible to buy health insurance that covered a catastrophic event (like cancer) and just pay out of pocket for a checkup.

Obamacare means you have to pay more to subsidize all kinds of things that don’t impact you.

And of course it has led to further consolidation in the industry.

It’s a little like how Dodd Frank supposedly reformed the financial industry but really just locked in the dominant positions of the largest banks - the only ones that could afford the compliance costs.

Any kind of big federal regulation that aims to ‘solve’ a problem usually just entrenches the largest players and makes life worse for normal people.
 
The Trump Administration said:
Before Obamacare it was possible to buy health insurance that covered a catastrophic event (like cancer) and just pay out of pocket for a checkup.

Obamacare means you have to pay more to subsidize all kinds of things that don’t impact you.

And of course it has led to further consolidation in the industry.

It’s a little like how Dodd Frank supposedly reformed the financial industry but really just locked in the dominant positions of the largest banks - the only ones that could afford the compliance costs.

Any kind of big federal regulation that aims to ‘solve’ a problem usually just entrenches the largest players and makes life worse for normal people.
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The free market works. Government does two things very well, collect taxes and kill enemies. Other than that, it's basically just in the way.
 
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