I share the concern but your friends and family are already paying--just through a middleman who takes a big cut. Isn't the real problem the overinflated costs of medicine/care (enabled by our govt "negotiations")-- not how the overinflated costs are spread out?https://twitter.com/SenSanders/status/1027212917463310336 …
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So private, for-profit insurance companies lobby the government to set the prices. So we either have to shut down the lobbying or get politicians that refuse to sell out to them, correct?
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watch you every Sun, btw. & thanks for interacting with your fans!
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Let me jump in: From an economics perspective, the market sets prices. Government sets maximum prices (too high) but the prices could be lower. A true “free market” means *we* (the “market”) are free to enter or leave the marketplace (the sellers) at will. 1/
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TVs are a good example of a free market not just because there’s competition, but because we can say “no” to *all* TVs. “No” is necessary for any true free market, not just competition. If you’re sick, or injured, you can’t really say “no”. You’re a captive market. 2/
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Medical care, including medicine, is a necessity at the point you become sick or injured. Anything that is a necessity cannot possibly be a “free market” because, like all true necessities, you can’t say no. And captive markets lead to higher costs for lower quality. 3/
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If you have leukemia and the hospitals say “that’ll be $800,000 or you die” you have no real choice but to find a way to pay. That’s not “good business” it’s theft. No different than being robbed at gunpoint at the ATM. “Give us your money or you die” is robbery. 4/
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And that’s ultimately why medicine costs so much here. It’s not because of the prices set by the government (although a better job there could help fix the problem), it’s because this is what *always* happens with captive markets. 5/5
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So a completely government run healthcare system is really the only solution, in terms of protecting a captivated consumer from paying $12 for a single Advil?
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Sons neighbor diagnosed w/ liver cancer. Had some treatment , not much progress.Went 2 a couple of specialists at a couple of hospitals who could said no more could be done.Houston MD Anderson was recommended .They went & were told the meds alone would be over 1 million $$$$$$$.
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Hi hillbilly! I read an article on American Thinker by someone about how insurance companies can only make so much profit (% wise) on bills so they allow inflated prices to make more money. I'll look for the article.
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