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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (68097)	5/23/2008 8:55:01 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 543198

<<<Since you're taking an interest in him, you might want to look at the concept of moral hazard in the context of single-payer. It's key to my concerns about it, as I've argued many times.>>> Stiglitz is the second most cited economists in the world, as of 2008. the Greenwald-Stiglitz theorem posits market failure as the norm, establishing "that government could potentially almost always improve upon the market's resource allocation." And the Sappington-Stiglitz theorem "establishes that an ideal government could do better running an enterprise itself than it could through privatization"[13] (Stiglitz 1994, 179).

To: Lane3 who wrote (68097)	5/24/2008 1:53:41 PM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 543198

..the concept of moral hazard in the context of single-payer The principle of moral hazard postulates only that those who purchase insurance have a reduced incentive to avoid what they are insured against. Why does it matter if the insurance coverage is provided by one payer or several payers? Also, much of the demand for medical services is independent of any action or lack of action by the person requiring the service. Even when an individual's lifestyle contributes to the need for service, I doubt that insurance (single payer or otherwise) is much of a factor. I can assure you that my attempts to remain in good health are not in any way diminished by the fact that I am covered by the Province of Ontario's Health care system. I can't envision anyone thinking "I'll just eat why I like and forget about exercise because my bypass surgery will be covered by the gov't".