The Wrong Debate

[dannno]

I have entirely lost faith in the concept of moral hazard. Regardless of who you want to blame, moral hazard did nothing to prevent the calamity of the last decade. People make irrational decisions.

Ok, let's slow this down a little.

I just told you that there was no moral hazard..

Now you are saying that moral hazard did nothing to prevent the calamity of the last decade...

That's because there WAS NO MORAL HAZARD.

I imagine you are having the same damned debate in other threads about the free market... "The free market did nothing to prevent the calamity of the last decade!".. that's because there IS NO FREE MARKET in the last decade either.

Do you understand post #10 on the first page? Anything I need to elaborate on??

The solution to this problem was outlined by Peter Schiff. You take away the tax break for corporate healtchare, and give out a tax break on wages that balances. Then people get more MONEY with their paycheck and they can choose to get whatever healthcare they want. Most people will get less insurance and start paying for their own medical care out of pocket, and prices with go through the floor. Then the costs of medicare will come down too, because prices are coming down. That is what we need, lower prices.

If we ended our overseas empire, then we could essentially get rid of the majority of the income tax. The economy would explode and there would be very little poverty. Medicare and medicaid would begin to disintegrate and states could take over the roll of handing out welfare if that is what the citizens in that state want.

 

[LibForestPaul]

Lower cost = increase supply..
End the AMA and its illegal monopoly on physician seating at colleges

Packs with the devil
IDC CPT coding HCFA


Advertising competition, all prevented by AMA

 

[Justin D]

Mises has an article on healthcare: http://mises.org/story/3643