Republican Healthcare Policy Culmination

May 3, 2008

The conservative mantra is less government is better, individualism is better, markets rule.  But how does this philosophy apply in the realm of health care? First, phase out all government healthcare insurance, Medicare, Medicaid, etc.  The second  principle is eliminate private insurance, shared risks undermines the need for the individual to be responsible for their own health. Soaring healthcare costs are due to government interference in the market and insurance companies paying healthcare costs for the irresponsible and passing the bill to those who try to shepherd their own health. Healthcare providers, knowing that the insurance companies now cover the inflation excesses, are free to practice malpractice avoidance. These corruptions of the market have lead to the “healthcare crisis”.  People, who had to pay out of their own pockets, would be wise shoppers and demand a drastic lower price for services than currently exists. The portion of the GDP spent of healthcare would drop like a rock and would be available for more “productive” ventures. Of course, this ideological purity would cost the support of two of the mainstays of the GOP, the doctors and the insurance companies.  The young and healthy could build their “Health Savings” accounts by investing in the speculative financial devices. But what would be the second order effects of these policies? Less money invested in healthcare would surely lower life expectancies for the poor (not a concern for the true believers) and increase the demands on emergency and charitable care.  It would also  reduce the incentive for some of the “best and brightest” to enter the field of medicine, reduce investment in medical research into curing diseases,  and lead to society where the unfortunate (both monetarily and physically) are seen as disposable. Even the billizionaire CEOs would find in the long term that while they could afford a doctor’s visit, the quality of medical care would degrade in a population unable to obtain the necessary care. The rightwing think tanks , Cato, Heritage, AEI, etc. need to give up on this absurd concept and push for greater access to healthcare for all.

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3 Responses to “Republican Healthcare Policy Culmination”

  1. Allen Taylor Says:

    Nice writing. You are on my RSS reader now so I can read more from you down the road.

    Allen Taylor

  2. JBiggs Says:

    I ‘m very enjoy reading your content.
    Thank for your good information 🙂
    I will come back to read more.

  3. Andy Lang Says:

    I am writing a book on the subject and I also give many talks and have written extensively on the subect–the latest will be a serioe of talks in my retirement community outside of West Chester, PA. Here is the cover4 page of the handouts announcing it:

    Fixing Social Security & Health Care…
    And By So doing Also Fixing Capitalism & Saving Democracy

    When: Every Tuesday beginning May 20th, 9:00-10:30AM
    Where: Billiards Room, Winfield Hall, and Hershey’s Mill
    Who: Andy Lang, Actuary, Springton Village, andyclang@comcast.net 610-738-9678
    What: We will follow the chapters in the book I am working on
    Why: It is America’s biggest problem and also the third largest in the entire world—fix them soon or Social Security and Medicare will soon be history
    1. Overview
    2. Triple Timelines to Disaster
    3. Three Main Reasons for not Fixing SS & MC
    4. Long-Term Investing
    5. Defined Benefit Pension Plans Vs Defined Contribution Savings Plans: Mirror opposites
    6. Actuarial Advance Funding & The Entry Age Normal Cost Actuarial Cost Method: The Right Way to Fund Both Systems & Much More
    7. Actuaries: The Key Players-The Good, The Bad, & The Ugly
    8. The Privatization Scams
    9. The Decade of Greed: The 1980’s
    10. The Present Value of Accrued Benefits Problem (PVABP) & Cash Balance Pension Conversions: The Trillion dollar Scandal Few Know About
    11. Fixing Social Security
    12. Fixing Health Care
    13. Fixing Capitalism and Saving Democracy
    14. Globalization
    15. Conclusions
    Appendices


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