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Friday, June 10, 2022

Here's how to lower healthcare costs

Is there something wrong with healthcare? I think most of us would say, "Yes!" The problem is that those in power (elitists) believe the solution is more government. And this is the irony of our healthcare problem: the cause of many of our healthcare problems IS the government. And yet the solution they come up with is always MORE government. 

They create a government program. And this usually starts with a bunch of elitists sitting in leather chairs in a cushy office in Washington D.C.  And they note that there is a problem. And then they say things like, "Oh, we need to do something." 

Of course, reasonable people will stop and think. And perhaps will say things like, "Wait! Sometimes doing nothing is better than doing something that is unproven. Doing nothing is often better than doing something stupid." 

I understand what is in place is not perfect. But it's in place based on years of practice. What is is there for a reason. The systems in place are there for a reason. So, here you have an elitist who has this bright idea. And he says, "I have an idea. How about we create more regulations. How about we pass a law telling doctors how they ought to do their job. How about we create a law mandating the hospitals get the best cat scan machines. How about we pass a law giving free healthcare to certain people. 

All of these ideas sound great on the surface. But they have all contributed to the problems we are currently facing in healthcare. 

Medicare gives healthcare for free to people. So, what happens when you give away something for free? Well, more people want the product. So, you give healthcare away for free. This means the supply of patients increases. But, the problem is the supply of nurses and doctors stays the same. So, this means that the price will have to go up. It's economics 101 here. If the demand goes up but the supply stays the same then the price goes up. 

So, let's tell hospitals they have to have the best cat scans. A noble idea. Let's look at the concord airplane. It's the fastest airplane in the world. It can take passengers from London to New York in a little over an hour. The problem is that gas to power a trip is $10,000. And so the cost of tickets are very expensive. The price of tickets goes up. And people decide that they would rather fly for 3 hours and pay hundreds of dollars compared to flying in an hour at the cost of thousands of dollars. 

This is capitalism. Because of capitalism, airplane tickets are very affordable. 

So what happens if we resort to socialism. Here is the case with healthcare. The government mandated hospitals get more expensive cat scan machines. The old ones were slow, but they were relatively inexpensive. But now hospitals are forced to fork out millions of dollars to pay for these new machines. So, the cost of goods and services goes up. The price goes up. 

You can see how all this government has resulted in more affordable healthcare for the poor and elderly. But, those who have to pay for healthcare are going to have to pay a ton for their services. This is needed in order to offset the cost of giving healthcare away for free to the poor. And it's necessary to offset the cost of paying for all this new equipment. 

And, of course, regulations cost money too. We in healthcare are forced to go through lots of training every year. And it's stupid training that we don't need. But, because the government mandates it, our workplaces have to spend millions of dollars creating this education. And they have to pay us to do this education. And, of course, this cost is transferred to paying customers. 

So, you have people saying we should get rid of Obamacare. And then you have people saying we should double down on regulations. And we should create universal healthcare. And the government should run hospitals so they are better. But, the problem is that this only creates more problems. And to solve the more problems, they want more government and more. And this just creates an endless cycle. 

So then you have people say, "Let's get rid of things like Obamacare." And the elitists say, "Okay, so what are you going to replace this with? Republicans have no ideas for replacing Obamacare." And I say yes they do. And it's called capitalism. Capitalism is the only system that has yet to be tried with healthcare. 

Look at the airline industry. Prices are low due to capitalism. Planes are old and slow and rusty, but this allows airlines to offer affordable prices. The same ought to be tried with healthcare. Nurses are still going to work their hardest. Doctors are still going to treat patients. But the cost would eventually go way down. 

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