It is getting down to crunch time for President Obama to get a bill through the Congress that drastically changes how residents in the USA will get medical services. They have tried in vain to convince everyone that they only need some more money from the super rich, and they can create a new system with an outcome of affordable medical services for everyone. The number do not add up. With just additional money from ultra rich there is still not enough money to pay for their plan. This leaves them with figuring out a way to contain the costs of medical services.
This problem they have is like a fork in the road. The one path they do not want to go down to contain costs is the capitalist model created by Adam Smith. The way of this path is to allow a competitive free market of medical service providers the freedom to create their own products for providing medical services that are not restricted by a particular State’s set of coverage mandates. Instead there should general guidelines that are the same in every State. Then the residents in every State can have the freedom to choose the product that is the most worthwhile for their family’s needs. This way the large company has got to compete with the small company on the merits of the product they sell instead of eliminating the smaller competitor with unfair regulatory laws. The profit motive in this system makes it worthwhile for each company to strive to provide a service people find worthwhile to purchase. This path eventually leads to services that are cheaper and in abundance.
The other path they want to go down to contain costs is the economic model created by Karl Marx. The way of this path is to have a strong central government plan to put the maximum set of detailed and specific restrictions and mandates on the medical services that USA residents may receive. This plan will include punitive measures toward any physician or hospital that attempts to profit by attending to people outside of the rules and mandates that they impose. This path eventually leads to services that are scarce, and by law are illegal to buy outside of their rules at any price.
Barack Obama in his own words…
And we have urged Congress to include a proposal for a standing commission of doctors and medical experts to oversee cost-saving measures.
NO SOUP FOR YOU!!!
Cross-posted at The Minority Report