The last taboo in the health care debate: The market's FAIL

lambert's picture

Imagine the kind of world where a stenographer can write this paragraph, and the Very Serious People will nod in agreement:

But critics argue that with low administrative costs and no need to produce profits, a public plan will start with an unfair pricing advantage. They say that if a public plan is allowed to pay doctors and hospitals at levels comparable to Medicare’s, which are substantially below commercial insurance rates, it could set premiums so low it would quickly consume the market.

And you say that like it's a bad thing! Because in health care, destroying the market is exactly what we want to do: It's a massive FAIL, and what FAILs should die.

Funny, the same taboo is in place with the banksters, isn't it?

NOTE 1 Via the great Avedon.

NOTE 2 Of course, and as usual, it's all about the fees, baby! Or, in economic jargon, "rents".

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DCblogger's picture

of course

this is why the whole discussion about the public plan was such a sham. Why not just go to single payer? The industry objection is just the same.

scarshapedstar's picture

?!?!?!?!

Shorter:

"We can't have government-run healthcare because it will be too efficient."

I hope my health insurance covers acute cranial explosions, because I feel one coming on.

But I still believe
And I will rise up with fists!!

Damon's picture

The end-game for the free-market extremist

I'd heard this sentiment express increasingly by the free-market extremist in the past few days, and it makes you wonder if they have absolutely no shame or recall. Aren't these guys the ones always screaming about competition and social dawinism? And, now they are screaming and crying foul about...competition? Stick a fork in these suckers and their sympathizes; these fools are done. The crime is that these unscrupulous idiots still are taken seriously enough that they could sink single payer. I love how they are complaining about level playing fields, when they've never had a problem with weighting the field towards the rich and powerful, whether it has been on health care, or race or any other issue.

But, we've always been at war with Eastasia...

gob's picture

They are rigged-market extremists,

not free-market extremists. See Galbraith's The Predator State for details.

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