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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: JBTFD who wrote (14112)	3/31/2012 11:24:14 AM
From: longnshort	1 Recommendation Respond to of 85487

healthcare went up when the gov got involved. Doc would come to your house for 10 bucks. The gov fukks up everything

To: JBTFD who wrote (14112)	3/31/2012 11:30:56 AM
From: TimF	1 Recommendation Respond to of 85487

In the 60s a lot of health care was non profit. 1 - Non profit doesn't mean government. 2 - In 2012 a lot of health care is non profit. Non profit hospitals, non-profit insurance companies etc. If we had moved away from non-profit (and we haven't) it wouldn't be privatization. The actual move that happened is a massive move to government. In 1960 there was no Medicare, Medicaid, CHIP, Obamacare, Romneycare, and there was a lot less regulation of health care and health insurance. There where financial reporting and anti-fraud regulation, but not long lists of items that have to be covered, and even can't have co-pays or deductibles rather than being a matter of the contract for the insurance. There was more emphasis on covering major insurable risks, things you couldn't pay for out of pocket if they happened to you. Now there is a lot of cost insulation, predicitble regular costs still get covered, meaning that 1 - People don't directly feel the extra cost as much so they are less cost conscious when buying health care which helps the price rise., and 2 - People still pay for it, since they buy the insurance (or their employer does but then that's part of their compensation, and in effect they are still buying it), and they pay the markup for the insurance company as well. Moving the discussion a bit further afield another major reason for cost increases is that productivity in health care lags that in other industries. See en.wikipedia.org