Paul Krugman about ObamaCare

Discussion in 'Economics & Trade' started by LafayetteBis, Feb 24, 2017.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    From here: Death and Tax Cuts

    The problem with ObamaCare is its very nature. That is, Obama was obliged to keep the coverage in the hands of BigInsurance. HealthCare in America is the most expensive per capita of any developed nation on earth. See here: Life expectancy and total HealthCare spending (OECD countries)

    What's happening? The fee structure of US Health Care is enormously costly, and BigInsurance simply adds its profit on top. Which is why it is about twice as expensive as anywhere in Europe that have National Healthcare Systems that set the cost-tariffs countrywide of all HC professional acts and pharmaceuticals.

    So who pays? Mr and Mrs America every time they go shopping because companies recuperate the cost of the insurance in the price of the products/services they sell ...
     
  2. james M

    james M Banned

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    of course there is nothing wrong with insurance. The problem with health care insurane is that liberals made competition illegal in health insurance.

    Imagine someone who jogs for fun and someone who races in life and death competition? Who would be a faster runner? Now you understand competition and how it makes us better. Not so hard was it?
     

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