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Politics : A US National Health Care System?

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To: Road Walker who wrote (9825)	10/2/2009 2:11:55 PM
From: TimF	1 Recommendation of 42652

"Whether this was a "race to the bottom" or a "race to the top" - that is, whether this incentive created positive or negative externalities - is a matter of vigorous debate in the academic literature." You see it as a race to the bottom. In broad terms I may see it as a race to the top, although its really more complex than that, I wouldn't say its all positive, much of it is neutral, and often there are some negative results, just as regulation itself produces negative results. Insurance is certainly ripe for fraud or abuse with lax regulation. Abuse is broad and at least somewhat subjective. Fraud would still be illegal. Heck a lot of people get screwed by the fine print even with heavy state regulation. "Even with" implies that one would expect heavy state regulation to help. In fact it probably causes more harm in terms of people getting screwed than help. A lot of fine print and paperwork directly because of regulation, and that can cause more important things to not be noticed among the large pile of paperwork. Also regulation in this area decreases competition and thus decreases the market check on abuse or poor service.

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