Re: Does America have the world's best health care?
When I created my iTulip account I remember being worried about participating in discussions because I knew so very little about economics at the time. Having witnessed your lack of concern for intellectual heft, I believe that iTulip does not have any enforcement of its stated goal of fostering a thoughtful community.
However, as a person interested in the issue and in keeping iTulip a cut above the rampant junk on the Internet, I urge you to use logic when presenting your contentions. I would recommend Munger's style to you, as even though I disagree with him and his points generally, it is obvious that he is thinking about the issue when he posts and not too preoccupied with utter nonsense. Another tip, and this especially applies to MulaMan, would be to avoid pathological overstatements.
Munger, I believe your first point is indeed a step in the right direction. However, your second and third points are politically untenable or generally bad news. The second one means a virtual commandeering of care, while the latter part of the third point is essentially what's being worked on in legislation now. However, that piece of legislation is certainly flawed in many ways, among them being that it does not foster "competition" any more than placing a fox in a hen house fosters "competition" for food.
Now simultaneously breaking up insurance monopolies while eliminating their subsidies, as per your first point, would indeed go a long ways towards slowing and reversing the cost creep.
I think a perfectly appropriate analogy would be the cosmetic surgery and LASIK industry. The "unnecessary" health care that is generally not covered by insurance, not subsidized by insurance or through other ways, and the cost goes down over time due to the increased supply meeting or exceeding the demand.
Originally posted by Starving Steve
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However, as a person interested in the issue and in keeping iTulip a cut above the rampant junk on the Internet, I urge you to use logic when presenting your contentions. I would recommend Munger's style to you, as even though I disagree with him and his points generally, it is obvious that he is thinking about the issue when he posts and not too preoccupied with utter nonsense. Another tip, and this especially applies to MulaMan, would be to avoid pathological overstatements.
Munger, I believe your first point is indeed a step in the right direction. However, your second and third points are politically untenable or generally bad news. The second one means a virtual commandeering of care, while the latter part of the third point is essentially what's being worked on in legislation now. However, that piece of legislation is certainly flawed in many ways, among them being that it does not foster "competition" any more than placing a fox in a hen house fosters "competition" for food.
Now simultaneously breaking up insurance monopolies while eliminating their subsidies, as per your first point, would indeed go a long ways towards slowing and reversing the cost creep.
I think a perfectly appropriate analogy would be the cosmetic surgery and LASIK industry. The "unnecessary" health care that is generally not covered by insurance, not subsidized by insurance or through other ways, and the cost goes down over time due to the increased supply meeting or exceeding the demand.
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