Saving Medicare: Free Market Reforms Are Better than Bureaucratic Rationing

This Center for Freedom and Prosperity Foundation video explains how a "premium-support" plan would solve Medicare's fiscal crisis and improve the overall healthcare system. This voucher-based system also would protect seniors from bureaucratic rationing. www.freedomandprosperity.org

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[nowthatsinteresting1]

@Spjungen Because I'm British you may have to explain what you're saying. So big government interference is the only reason that the free market hasn't worked?

[Spjungen]

@nowthatsinteresting1 But you wouldn't know, would you? To you the free market is one big bad businessman guy just stealing everyone's money through a big magic rip-off machine.

You have no idea how economics works, and would therefore do well to remain silent.

[Spjungen]

@nowthatsinteresting1 Companies can't have "near-monopolies" without a government to help them. Corporate welfare is corporatism, and it's the polar opposite of a free market.

There's a BIIIIG big difference between a company getting big because it's efficient, cares about its customers, and sells a product people generally like and want to buy (i.e. Apple, Starbucks, etc) and a company getting big because it's ripping people off through easy government credit (i.e. Goldman Sachs)

[Spjungen]

@nowthatsinteresting1 You're an idiot. If you think we've had a free market in recent years your head is so far up your ass I wouldn't be surprised if you can see your own throat from the inside.

[Spjungen]

@plutocratarianism Couldn't have said it better myself.

You know what's amazing though? There was a time in the late 19th century when the economy was about as close as it'll probably ever get to being free...when people genuinely had to work for what they got, and so did corporations.

Of course most people like to portray that as a time when big corporations were stomping all over people and making them work in sweatshops but, my friend Lawrence Reed, has a little bone to pick with that idea ^^

[nottinmatterz2day]

taken from another channel?

[nowthatsinteresting1]

@plutocratarianism Or maybe the free market has just produced what it will inevitably produce: near-monopolies where whole economic sectors are subject to little or no competition. Perhaps the free market is doomed to failure (as it has just done, and spectacularly), not because of anything to do with socialism, but just because it is a crap system that should never have been given such power over the lives of us all.

[plutocratarianism]

There's no such thing as a Free Market anymore, it is all socialism, it's either welfare for the rich corporations through tax breaks and bailouts, or it's welfare for the middle class or for the poor.

Currently Rich CEOs and Big Corporations, and millionaires and billionaires are the largest welfare beneficiaries in this country, since they can afford lobbyists to lobby for their benefits.

[tbwil11]

@zargotte27 Thats not how I saw it. Unless I am missing something,the voucher is an allotment to purchase a health insurance policy from an insurance provider the same way an employer pays an insurance provider for group coverage for their employees.Thats why it gives you more control over your healthcare, you choose which company and plan and pay for it with the voucher. Right now the medicare system pays doctors directly, so they are for all intents and purposes acting as the insurance company

[zargotte27]

@tbwil11 I think you're missing a key part of this, in that the aforementioned private insurer will be reimbursed for medical procedures per beneficiary per year up to a pre-specified amount (not the case right now) - that is what I was referring to in my previous post in that for some people this system would likely suffice, but for a lot, they would run out of their allotment. If the point is to make wealthy seniors pay for themselves, there are better ways of doing it.