Why ObamaCare will cost more by LibertyPen

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http://www.youtube.com/user/LibertyPen

Category:

Education

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• Why
• ObamaCare
• will
• cost
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• LibertyPen

[thalonelygirl]

Great video!

[KevZen2000]

@thalonelygirl.Checkout LibertyPen, on Youtube for more great videos. They are many great short videos from there, and its well worth your time,especially if you are into the Libertarian Philosophy. Take care.

[Freedomnotforced]

Can anyone answer this question that I was asked today. What does a person do if they have been paying into private healthcare insurance their whole lives, something happens to them and they need treatment, then the insurance company goes bust. Now they have no money and no insurance and if there is no government healthcare available what do they do?

[CyberTechWolf]

@MsZeitgeist85 ...But if there is no incetive to look for a lower price and people will likely go for the more expensive stuff because they aren't directly paying for it, therefore in this situation Doctor A would be forced to raise prices in order to keep up with Doctor B. I thank a fellow Youtuber for helping me word this arguement. Competition leads to lower prices and higher qaulity, look at the electronics market.

[CyberTechWolf]

@MsZeitgeist85 Competition doesn't work? Look if you remember what Jacob said in his video about the subject, look let me spell it out. When a 3rd party like the government covers most/all expenses there is no insentive to look for the lowest price. Normally, Doctor A charges $500 for say, Cataract Surgery while Doctor B charges $2,500. People will go to Doctor A forcing Doctor B to drop his prices in order to keep up....

[MsZeitgeist85]

@CyberTechWolf I never said the Gov is consistant. This is just one time they went in favor of HMOs expanding their reach.

The competition talking point doesn't work for HMOs because that argument is " Let HMOs sell acrost state lines" Which would make things worse because those state regulations that say they must cover things like lung cancer and other things are the only things that keep them from denying more people coverage.

[CyberTechWolf]

@MsZeitgeist85 Uh...when the government started subsadizing healthcare the title "Free Market" had disappeared. As for the AMA from what I leanred today the government made then a monoply for issuing liscences. I think it would be good to have competition. Competition improves products and usually drops prices. That's all I have to say Goodnight.

[MsZeitgeist85]

@CyberTechWolf PART 1 This is the argument for Free Market in health care. In the 70s and 80s people were trying to get SIngle Payer here and because even then it cost less and covered everyone. The argument was that the providers not payer was culprit. Milton Friedman argued that this system would work if only the AMA would get out of the way and quit driving up cost. The AMA is like a union for doctors and there is some truth to this because they killed all attempts to create SIngle Payer

[MsZeitgeist85]

@CyberTechWolf PART 2 The AMA fought attempts to create a SInlge Payer system because it would mean that they would make a little less than what they make now. At that time Switzerland was the only other country that had for profit insurance and there was no AMA in Switzerland making doctors more expensive by 1994 doctors there made much less that what they make here.

So there is the test lab confirming a Free Market is unworkable for primary care.

[CyberTechWolf]

@MsZeitgeist85 One other thing about the bill, it gives free healthcare to illegal immigrants.

[CyberTechWolf]

@MsZeitgeist85 ....Look at history. Let's start with Social Security, there wern't old people collapsing in the streets before it was signed into law. In fact, there was near zero public demand for it. We were fine nefore the government started subsidizing HC, also, I'm curious as to how our Swiss system was when they had the Free Market.

[CyberTechWolf]

@MsZeitgeist85 Stop saying "it works". Unless you have directly recieved care in Canada all you can really say is "I've heard it's better". I should be doing that too, so I'm sorry that's my bad. And yes, those entitlement prograns are unconstitutional. Anything the Federal Government doesn't have is left up to the states. If we wanted to have Romneycare models on a state level then that is fine. But stop forcing me into a one size fits all plan.