Clinton Gets $13m from Health Industry, “Single-Payer Will Never, Ever Come”
ibtimes.com
ibtimes.com
A former coworker of mine recently went through the same process when he quit, and ended up without insurance for a short period.
A lapse in insurance coverage means exposure to basically unlimited costs. That's not a position anyone should have to take, whether due to financial hardship or missing a paperwork deadline. And until we get single-payer, there are going to people who fall through the cracks who have to face the possibility of losing their life savings if they get hit by a bus.
My question is, are we getting something for this money? Does healthcare research and innovation in the United States justify what it's costing us, or does the whole system need a reboot?
Another way to phrase it: if we trade market forces for universal access, will the rate of healthcare innovation slow down?
p.s. I really like this statement - "You start to understand how an economy works when you realize Karl Marx and Adam Smith were hitting on the same idea". It is accurate in that both men seeked a more efficient economic system - a far cry from what we have today. What we should have is a combination of both ideas - merging public guarantee of basic rights with the concept of private property.
I think there's a recipe for consensus building here. Granted that you'll never be able to pay for universal health care by eliminating public research grants, but there's got to be some lobby money coming from medical R&D for policies like this.
As for Marx and Smith, the statement is not just about efficiency, but also oppression. Forceful intervention into an economy is oppressive and inefficient. Impoverished workers operating in unsafe conditions are both oppressed and unproductive. These are obviously blanket statements that require nuance for specific situations, but that's basically what I was getting at.
I'd personally like to see an environment where initial risk is taken on by the capitalist, and as a venture matures, ownership gradually passes to labor. When you think about it, it's not too far off from what we have now with the Seed -> VC -> IPO cycle.
Supposedly this policy was enacted to prevent people from getting insurance only when they get sick. Who comes up with this stuff?
If there was ever a bloated carcass of an industry awaiting disruption... unfortunately its so institutionalized that any new system would require rogue doctors / hospitals.
The most successful universal coverage systems are mixed models, like France and Germany. Make the private system compete with a public system (and vice versa). The details of how that works depend on what part of the outcome you want to target: best costs, best patient outcomes, etc...
Not to be a wet blanket or anything, but people expecting big, commonsense improvements to the US social system are doomed to be disappointed.
Additionally, the sheer size of the health insurance industry is a speed limit on how quickly such a transition could happen, both because of their ability to retard or corrupt political progress, as well as the scale of economic disruption such a change would entail.