Quote:
Originally Posted by loepke72
No, what the Wall Streeters did was fraud. Our government abdicated its responsibility for reigning in this kind of abuse. This is a legitimate form of government control; protecting its citizens from activities that deprive them of their money unjustly. They were only free to engage in their fraud because government did NOT do what it should have. Instead, our government tries to do all sorts of things it is not meant for, like providing services for people that should be provided for privately, such as health care.
|
First of all, government control is constraining free trade, which I agree it should. Second, the laws and regulations against the kind of behavior Wall Strs. engaged in were gone, so they were free to act in the market in the manner they did.
Quote:
|
It's being pushed there because so many free market mechanisms that would bring down cost and bring up quality have been removed from the system due to government programs like Medicare/Medicaid, as well as the market distortions introduced by widespread use of health insurance to cover conditions that should be taken care of by the local doctor (I'm talking about people going to the ER for a cold because they have an insurance card). That's kind of like using a comprehensive auto policy to cover every parking lot scratch and wondering why your premiums increase or you are eventually dropped completely.
|
What free market mechanisms that bring down cost and increase quality are being stopped by Medicare/Medicaid?
Regarding going to the emergency room for colds, it is those without insurance who do that. Those without insurance must be treated by the ER, but local doctors can turn them away. Those who have insurance make doctor's appointments rather than wait 11 hrs in the ER.