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Paul Ryan: "What side of history do you want to be on?"
Wisconsin's First District Congressman Paul Ryan on the House floor debate on H.R. 3962
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A person who would use that type of clueless name calling is not somebody whose politics I would consider. You have no idea what I believe beyond that I am critical of the Cato Institute's policy prescriptions, yet you are here with insulting labels and assumptions.
So, your argument is that consumers being distant from the actual costs creates inflation. Putting the role of the government aside, are you supportive of the idea of insurance, the collective pooling of risk to mitigate the negative effects of unexpected events that have major financial costs?
Yes, when consumers do not take into account the cost of the goods they are buying because a third party is involved it increases the cost. It was Gov that created the wedge. Insurance is a good thing, yes. Its role, though, should only be for catastrophic events and not routine care. However, due to regulation (with the support of insurance companies), insurance now pays for everything which creates the wedge between the consumer and the cost.
Doctors because they are paid for each survive they do are incentivized to over prescribe unnecessary treatment or when treatment is necessary advocate the most expensive option.
Also this isn't true. Most consumers aren't experts on the majority of things they buy, and yet they are able to make good decisions. They can also consult others who do know more about it. See: "Who Says Consumers Can't Make Decisions?"
Doctors do not make it any different; they are just like the mechanic or any other industry.
If doctors do that, they will likely lose business. People will catch on.
Fee for service as one of the causes of healthcare inflation makes a whole lot of sense as it incentivizes extra and more expensive care.
You act as if consumers can make no logical decisions on complex issues. You cut us short. You should read that article I showed you.
I am not saying government is to blame for all of our problems, however it is the cause of for a lot of them.
As I said, if doctors vastly over-care they will get caught.