http://www.libertyforall.net/?p=1761
The health care mess: Functioning in the belly of the beast
Liberty For All
by Roderick T. Beaman
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“With Barack Obama’s presidency, the clamor for some type of universal medical coverage system is on a crescendo. The cry today is for a ‘single payer system.’ That type of system is a monopsony, where there is but one buyer for a good or a service, as opposed to a monopoly where there is but one seller. It was Pres. Harry Truman who first proposed government-funded health care service for Social Security recipients. It was a corner piece of John F. Kennedy’s presidential platform in 1960.” (12/23/08)
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In college, I was forced to take courses unrelated to injineering. In Economics, we were taught surprisingly that there were “viewpoints”. I remember one lesson, the prof was teach about “elastic and inelastic” demand curves. (Simple versus “Field Theory” curves and equations) He had many examples of elastic demands (cars, food, money) and only one of inelastic.
Medical care.
No matter what the supply, what the price, demand was infinite.
The only cure was some type of rationing.
In the “old days” of my Mom’s generation, I remember my appendix operation. There were bills. Doc, Hospital, Surgeon, Gas passer, and Surgical Operating Room. My Mom had insurance but it was different then. She paid all the bills, assembled a big folder, and submitted it to the insurance company. They paid 80% of the total. It was very complicated.
She had limited choice since it was an emergency. But, whenever there was a choice, she was a price conscious shopper.
Today, no one shops. They just demand.
That’s what’s wrong!
Health care isn’t a right. Rights are negatives. If it’s a positive, then someone else is OBLIGATED to provide it.
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Posted by reinkefj 
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