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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Larry S. who wrote (26055)2/8/2005 3:09:58 PM
From: GraceZ  Read Replies (4) of 110194
 
Medicare costs is the problem we should be focussed on, not SS, and it will not get better until we recognize that we can't offer everyone every new development that comes along.

There will always be more need than there is supply for medical services. You can ration it using a command control structure or you can use price to do the rationing in a free market system. Imagine if the government was responsible to make sure your local supermarket carried all the right foods? Why would they need to, the free market does a pretty good job of offering you every imaginable option for food....which is just as critical for life as medical care. Imagine if getting medical care was as competitive as food shopping?

The government prefers to decide who gets what with a panel of experts, consistently attempting to fix prices without ever limiting demand. The cost is that what providers can't charge to those on Medicare gets tacked onto those with private insurance....this is why your private insurance looks inept in comparison, the providers are trying to stick them with the difference. I have a good friend who makes a very good living auditing insurance claims for these kinds of shifted costs for insurance companies. It is not unusual for a provider to lose money on many of the Medicare/Medicaid procedures they do as the cost continually rises ahead of the reimbursement rate allowed by Medicare.

If you look at the world of non reimbursed medical services, services people pay for themselves out of pocket, things like laser eye surgery and plastic surgery where the free market is at work, prices are falling as they would for any other aspect of private enterprise which is made more efficient with technology.
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