SURE... MEDICAL CARE COST LESS WAY BACK THEN - EVERYWHERE:
BUT THE CARE WASN'T A TENTH AS GOOD AS THE CARE YOU GET NOW.
THIS IS WHY I AM SICK AND TIRED OF PEOPLE COMPLAINING ABOUT THE COST OF HEALTHCARE AND HEALTHCARE INFLATION.
AND ANOTHER THING:
PEOPLE NO MORE HAVE A RIGHT TO FREE HEALTHCARE THAN A RIGHT TO FREE HAIRCUTS OR FREE IPODS.
AND ANOTHER ANOTHER THING:
I'M SICK AND TIRED OF FOLKS COMPLAINING ABOUT THE MANDATE IN ROMNEYCARE:
- UNDER THE OLD SYSTEM TAXPAYERS HAD TO PAY FOR THE HEALTHCARE OF OTHER FOLKS WHO COULD'VE AFFORDED TO BUY INSURANCE BUT CHOSE NOT TO BUY IT.
- THERE'S NOTHING CONSERVATIVE ABOUT A SYSTEM THAT LET'S THAT HAPPEN.
Yes, conservatives let this happen.
ReplyDeleteFrankly, I can't imagine that private health insurance will survive another five years. The insurance principle of transfer of risk is defunct when so many high risks are in the pool of insureds.
Almost everyone will have major medical issues and expenses if you wait long enough.
ReplyDeleteMedicare actually takes out of the pool the group with potentially the highest costs - the aged.
Any large scale health insurance scheme depends on a large number of healthy people paying into it relatively small amounts to cover the much higher costs of a smaller number of people. The demographics of the West no longer support universal health insurance, just as they no longer support income insurance such as Social Security.
The most volatile setting, however, where the model of welfare state benefits will collapse most disastrously, is China.
In the old China, one grandparent had many grandchildren, who could afford to take care of him.
In the new China, 4 grandparents have only 1 grandchild. There is no way that one worker can support 4 elderly pensioners, and pay for expensive medical care for them. Of course, in China, only the elite get expensive medical care.
Which is something else that the left doesn't recognize: expensive medical care, highly technological medical care, is more available to the poor in America than to the poor of any other country on the face of the blessed earth. But that's only possible if we have a dynamic and growing economy.
Punditarian,
ReplyDeleteAlmost everyone will have major medical issues and expenses if you wait long enough.
Indeed!
However, those under age 65 and with catastrophic medical conditions are expensive to insure. And let us not forget those, many uninsured, who sustain terrible accidents such as traumatic brain injuries. Their care can be expensive in the extreme, and some end up with lifelong total disability.
No insurance of any kind can stay solvent if nothing but high risk insureds are in the pool.