Rudy Giuliani - Market-Based Healthcare Reform

I wish there was a hospital cashier. The major problem with our system is that all the payments are made by third parties (a few big insurance companies and the federal government).

If people paid cash for more health products and services, providers would have an incentive to provide price and results transparency, which in turn would lead to competition. With competition would come lower costs, lower prices, and better outcomes.

Our current system is the worst of both worlds.

A large percentage of profit in any company goes into investment in capital, such as updating facilities, building new facilities, and research and technology for new products. This is what makes a private health care system unique. It is true that a socialized system is better at basic care services, but profit allows for new devices, new medicines, and the possibility of major cures to major illnesses.

not completely true a3bora. i think 'greed before People via healthcare' is unfair. Rudy skates past 'Medical Tourism' and risks we take because we Can Not afford what is offered.

Profit for HealthCare is normal. Capitalism isn't solely based on profit though...it drives ingenuity. Half of our health care cost is for technological advancement.

Profits just mean that people are willing to pay more for a good than it costs to make (which is good: we shouldn't produce something if the cost exceeds what people are willing to pay for it).

In a competitive market economic profit tends toward zero. Health care in the US is not very competitive, but if you confiscated the profits of all the hospitals, insurance companies, etc and put the money back into the system, you would only pay for FOUR DAYS worth of American health care per year.