Re: Moral Hazard Myth


"Skeptic" <bcs002b@xxxxxxxxx> wrote in message
news:lEkPe.306151$xm3.128555@xxxxxxxxxxxx
>
> "George Conklin" <georgeconklin1@xxxxxxxxxxxxx> wrote in message
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> >
> > "Skeptic" <bcs002b@xxxxxxxxx> wrote in message
> > news:TX8Pe.304250$xm3.241871@xxxxxxxxxxxx
> >>
> >> "George Conklin" <georgeconklin1@xxxxxxxxxxxxx> wrote in message
> >> news:8cZOe.1227$5B4.785@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> >> >
> >> > "Skeptic" <bcs002b@xxxxxxxxx> wrote in message
> >> > news:2xQOe.276300$_o.52550@xxxxxxxxxxxx
> >> >> "George Conklin" <georgeconklin1@xxxxxxxxxxxxx> wrote in message
> >> >> news:8BOOe.967$5B4.854@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> >> >> > An article in this week's New Yorker magazine has provided the
> >> >> > following
> >> >> > data on the USA health system. I used to post we spend twice as
> >> >> > much
> >> >> > as
> >> >> > average for an industrial nation but the New Yorkers says this has
> >> >> > risen
> >> >> > to
> >> >> > 2.5 times with worse results than other nations.
> >> >> >
> >> >> > ---------
> >> >> >
> >> >> > ....the United States has opted for a makeshift system of
increasing
> >> >> > complexity and dysfunction. Americans spend $5,267 per capita on
> > health
> >> >> > care
> >> >> > every year, almost two and half times the industrialized world's
> > median
> >> > of
> >> >> > $2,193; the extra spending comes to hundreds of billions of
dollars
> >> >> > a
> >> >> > year.
> >> >> > What does that extra spending buy us? Americans have fewer doctors
> > per
> >> >> > capita than most Western countries. We go to the doctor less than
> >> >> > people
> >> >> > in
> >> >> > other Western countries. We get admitted to the hospital less
> >> >> > frequently
> >> >> > than people in other Western countries. We are less satisfied with
> > our
> >> >> > health care than our counterparts in other countries. American
life
> >> >> > expectancy is lower than the Western average.
Childhood-immunization
> >> > rates
> >> >> > in the United States are lower than average. Infant-mortality
rates
> > are
> >> > in
> >> >> > the nineteenth percentile of industrialized nations. Doctors here
> >> > perform
> >> >> > more high-end medical procedures, such as coronary angioplasties,
> > than
> >> > in
> >> >> > other countries, but most of the wealthier Western countries have
> > more
> >> > CT
> >> >> > scanners than the United States does, and Switzerland, Japan,
> > Austria,
> >> > and
> >> >> > Finland all have more MRI machines per capita. Nor is our system
> >> >> > more
> >> >> > efficient. The United States spends more than a thousand dollars
per
> >> >> > capita
> >> >> > per year-or close to four hundred billion dollars-on
> >> >> > health-care-related
> >> >> > paperwork and administration, whereas Canada, for example, spends
> > only
> >> >> > about
> >> >> > three hundred dollars per capita. And, of course, every other
> >> >> > country
> >> >> > in
> >> >> > the
> >> >> > industrialized world insures all its citizens; despite those extra
> >> >> > hundreds
> >> >> > of billions of dollars we spend each year, we leave forty-five
> > million
> >> >> > people without any insurance. A country that displays an almost
> >> >> > ruthless
> >> >> > commitment to efficiency and performance in every aspect of its
> >> > economy-a
> >> >> > country that switched to Japanese cars the moment they were more
> >> > reliable,
> >> >> > and to Chinese T-shirts the moment they were five cents
cheaper-has
> >> >> > loyally
> >> >> > stuck with a health-care system that leaves its citizenry pulling
> >> >> > out
> >> >> > their
> >> >> > teeth with pliers.
> >> >> >
> >> >> What should we do about it?
> >> >>
> >> >
> >> > The article implies that economists have been wrong about the moral
> >> > hazard
> >> > myth and have screwed the public over their useless theory. Under
the
> >> > myth
> >> > of the moral hazard, we have given ourselves the most expensive
> >> > medicine
> >> > in
> >> > the world with crummy results.
> >>
> >> That doesn't answer the question I asked you.
> >>
> > Actually it does. If you negate a negative, you arrive at a positive.
We
> > have numerous other examples from around the industrialized world and
any
> > one of them would be better and much cheaper.
>
> You still have not answered it. George, in your opinion - in your own
> words, on this forum - what do you think we should about the high cost of
> healthcare in the USA?
>
>

We need to implement one of the following: 1. the system in France, 2.
the system in Germany 3. or pick another one with better results and half
the cost. Or Medicare for all Ages in the USA...tomorrow too.


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