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Economist calls for ancient principles in health-care reform
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Sounds like Joseph Smith was a social Democrat--a bad word here in Utah. We have gone a long ways in the wrong direction since Joseph Smith's time.
Here in the real world we as Americans have to decide between 2 schools of thought: Is healthcare a PRIVLEDGE or a RIGHT? We had this same debate over education in our early years and finally decided it was a right. And see how well our public schools run. If we decide that healthcare is also a right, brace yourselves for VA style medicine.
I do agree that we should take care of everyone. However, to use scripture to promote a political agenda is as wrong as not taking care of those around us.
The recipient of the service has to have a financial stake in the transaction. When I buy a car I know how much it cost, I haggle for a better deal because I am spending (and saving) my own money.
When medical insurance became common that basic (and critical to a functional market) feedback was broken. The patient no longer cared (or even knew) how much the service cost. The provider (doctor) knew the customer didn�t care about cost and they went up. Economics 101. Until patients again have a stake in the cost of healthcare reform will falter.
A corollary problem introduced by medical insurance is yearly maximums. If a patient has not used the full annual benefit their plan allows they lose that benefit. This creates a perverse incentive to use healthcare even if it may not really be needed. Again breaking a basic market principal and driving costs up.
CONTINUED.....
The only way to get a handle on healthcare cost is to return the basic market dynamic where the recipient has a stake in the price being reasonable and where personal responsibility is rewarded.
Tragically politicians don�t even acknowledges these factors. They are just trying to find money to cover more people under the current fatally flawed system. Throw everyone into a single payer system funded by the government and everyone has incentives to use the plan to it�s max (after all, the GOVERNMENT is paying for it) Costs will skyrocket even more and literally bankrupt the nation.
CONTINUED.....
Another problem; Americans have come to see healthcare as a right; but worse yet, as a right that someone else should pay for. We all expect the best quality care for ourselves and loved ones but don�t think WE should have any financial responsibility. �The insurance companies or government or my employer or the hospital should pick up the tab, not me!� We (usually) don�t expect someone else to pay for our food or housing or clothing but a huge percentage of Americans have come to see paying for healthcare as someone else�s responsibility.
Fixing healthcare will not be easy; realistically it may not be possible,the attitudes that make the current system bad are deeply ingrained.
However any system that does not respect the basic economic market principals discussed above will fail.
the end
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There are far more effective routes to take then simply turning to Karl Marx.