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RE: The work-around President

in #funny6 years ago

Acetaminophen costs $50 at a hospital. Indeed there are massive differences in prices, I was directed to get an MRI at a hospital not too long ago and it turned out that it cost like $500 more than at an office of the same company about a quarter mile from the hospital. Why do you think these differences exist and persist?
Because no one ever asks how much they cost because they are not paying out of pocket because we have subsidized care. They were all confused when I started asking how much it costs.

It's anything but a free market when the government creates price floors.

We can tell you are wrong because we have an example of health care market in the US without government subsidies, veterinary care. And veterinary care costs a fraction of what human care costs even though the procedures are either identical or actually much more difficult because dogs need to be restrained and can't talk and such for some procedures and of course human doctors only have the equipment and training for human medical procedures and vets can treat many species and yet veterinary procedures cost only a fraction of what we pay for the same thing with subsidized and managed care. Vets operate under a "greedy free market" and provide the same thing for much less than your government subsidies.

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We can tell you are wrong because we have an example of health care market in the US without government subsidies, veterinary care.

We have that too. A state and a private. The costs are roughly the same, but there is a huge but.
The private does not need to take you - so they don't take the "bad deals".
The state system has to take over all the really sick (those whose costs are a lot more higher than a "normal" person), the unemployed and so on.
So this is a huge sum that makes the state more expensive compared to private, and still the costs are nearly the same!

In the future - due to the low interest rates - the private may well become more expensive than state.

The costs are the same because of the price floor created by the state system, yet another example of how subsidies raise costs. Without the public system providers would have to compete with each other on price.

In this case, without a private system, the public would be even cheaper!

And they do compete, so that argument is invalid. They just don't compete for all Germans, but "only" for the number of people of a smaller country.

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