Originally Posted by Don Zeko
Except that there are several reasons that "private" health care in this country is a massive market failure, and the rest of the developed world has some kind of universal health care scheme, much cheaper health care, and at least as good results. I continue to be stunned that so many people think that free market platitudes constitute an effective argument when the track record of our "free market" health care system is so bad relative to more government-centric systems.
The free market only really applies to some cosmetic surgery and any procedure not covered under medical insurance (unless of course you're a teacher for the Buffalo Public Schools, whose employees are covered for cosmetic surgery by their taxpayer-funded insurance.......and their cosmetic surgery bills went from $1 mil in 2004 to $9 mil in 2009
- "the vast majority of those procedures — nine out of 10 of them — were chemical peels, laser hair removal, skin rejuvenation and other skin treatments").
Look at the cost increases over the last 20 years in regards to elective as opposed to necessary surgery and you may be suprised. There's a reason people with insurance don't mind being gouged $18 for a tylenol, because they don't think it comes directly out of their own pockets; it has nothing to do with the free-market.