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An Inconvenient Truth

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Old 03-06-2007, 08:31 AM   #11
FRPLG
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Re: An Inconvenient Truth

The problem we have in this country when it comes to healthcare is a desire to have the benfits of a market efficient system, but only if doesn't cost too much or deny care.

In an efficient market products and services are paid for by customers at a price they are willing to pay. If soemthing becomes too expensive then eventually some other guy or girl comes along and offers the same service for less. Thus balancing out the market.

The healthcare system doesn't work well in this way since there are so many barriers to entry and nobody wants to see other suffer because of market economics.

The problem is that as soon as we make it less market effiicient that motivation for smart people and innovative companies to get involved, the ones who would provide the best care and medicine, becomes too low.

It is a hard question.

I am wondering if maybe as a society we need to adjust our views and desires for the healthcare system since there in't a system that will meet all of our needs. There just isn't.
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