Health Insurance Degeneration Continues

[vern_humphrey]

After the fact, Mr. Happy Trigger. You come home from a nice night on the town with your wife.

Is there an English version of that available?

Immigration & Customs Enforcement.

Right – they’ll come right out when I call.

Forget it – they’re a government agency.

I didn’t realize you southerners were so thin-skinned. Wow.

And before you go off half cocked, I’m not a northerner, I’m California born and bred.

I never realized Californians were so “snarky and rude.”

Sure, when I speak to people who aren’t snarky and rude.

And that’s your excuse for all this bile you spew? And for not contributing?

 

[BamaRider]

You got that right!

You’re right.

Both are exploitive – in a monopoly, the sells sets the price – because from whom else can you buy? In a monopsony, the buyer sets the price – because to whom else can you sell?

The most recent example of a monopsony is the US Government’s decision to take over distribution of vaccines. The monopsonistic practice of the government put vaccine manufacturers in the US out of business, and left us dependent on foreign suppliers. And when foreign supplier contaminated his batch of flu vaccine, where did that leave us? Up the creek without a paddle!

Another example is the flight of doctors from Canada. The government (the only buyer for most healthcare services) sets the price so low that doctors come to the US. We’ve had Canadians on this forum call us “poachers” for “allowing” that.

In a system such as I have described (MSAs), we have millions of buyers, each making his own decision in his own best interests. In addition, we have set up real competition – the consumer is rewarded for bargaining and not over-consuming, something the present system doesn’t do.

And school is out for today. But sure to come back later for the next installment.