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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (72604)2/22/2010 6:57:41 PM
From: Maurice Winn2 Recommendations  Read Replies (2) of 74559
 
Aha, Kyros, you are making the old scientific mistake of confusing correlation with causation. Here Thomas Sowell explains it well: jewishworldreview.com

<New Zealand's health care expenditures were 9.2% of GDP in 2007 versus 16% in the USA. >

We cannot sue doctors. They bury their mistakes. You can cut your medical costs by allowing no malpractise lawsuits which will mean no malpractise insurance.

We don't have all sorts of medical care available in the USA and bought in the USA. With all the medical insurance in the USA people figure they might as well get things done. Here, they don't bother because the waiting lists are huge and they can't afford to buy the treatment themselves. Jobs don't come with free medical insurance so there's less of it.

If you lower your medical treatment standards to NZ's you too can save money. Cut out the lawyers and the likes of Mr Haircut Presidential Nominee.

But there's more to it than just those few items.

Yes: <You may be buying your own routine health care out of your pocket to avoid bureaucracy, since you are healthy and it doesn't cost much. But are you paying out of your own pocket when your family needs expensive and extensive health care such as hospitalization, surgery, etc.? > Except that the whole system is so captured by government departments that the only treatment available for many things is through the government monopoly and so we are stuck with what they want to do.

So they recklessly and ignorantly endangered our son by refusing him Rituxan for lymphoma. A good friend was left with a broken neck, paralysis, and vomit in his eyes, nose and on his face in the night with no means of calling for help. I can give you many bad stories.

Free markets are cheaper than government departments. The USSR seemed a good idea at the time - with very cheap bread, cheap shoes, and cheap cars, but with none in the shops and if they were there, they went to friends of the system and were like the Lada. Shoes came with two left feet. Now that China is going capitalist, a billion people are increasingly able to buy things they want. Socialism was wonderfully egalitarian and poverty stricken. Hordes died.

Mqurice
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