logo

Demolition Derby
By: Scott J. Berry   Friday, October 09, 2009 4:57 PM

Vote for next session
The next market session will close:

Hey, everybody's weighed in on healthcare, so here's my 2 cents.  With all I've been bottling up about this topic in recent months, it's well past time for a core dump.

Obama and congressional leaders are driving healthcare reform off a cliff, with each fighting for control of the wheel.  The Far Right has bailed out of the car altogether.  All this back and forth on healthcare is making me ill.  And here I forgot to pack my Dramamine.

Can somebody please crack a window?

Time to realign our wheels.  Let's start with a few principles that I think nearly everyone can agree to:

  • Some basic level of healthcare should be available to everybody
  • Good health should be as affordable as possible
  • People need to see the costs of healthcare firsthand, so they can make valid choices.
  • The course of care should be determined by doctors and their patients, not insurance companies, lawyers, or governments.
  • Nobody should have to pay for someone else's avoidable healthcare costs (smoking, overeating, failure to take medication, etc.)

This all sounds very simple and reasonable.  However, we keep bumping up against some "inconvenient truths" (sorry, Al).

  1. Healthcare is not a right, any more than good health is a right.  Using this kind of language just inflames opinions.  It stinks that people get sick, die, and/or have no healthcare.  But that doesn't elevate it to a human right.
  2. It's insurance, people.  It's a bet.  Nobody who wants to stay in business will stake a game with crappy house odds.  Which is why pre-existing conditions are rarely covered.  This isn't to say they shouldn't be, only that we have to recognize the high cost and the limitations of insurance markets to do so.
  3. "Seeking profits" is not a dirty phrase.  I'm not sure how, even in the light of Wall Street's recent fall from grace, it has become one.  Profit making isn't evil, and those who do it well should be rewarded for it.
  4. Comparisons with other countries and other health systems are mildly flawed at best, and invalid at worst. They deal too much in averages over large populations.  There are also many cultural, demographic, diet, and lifestyle differences that skew comparisons.  Any system we import will make some people worse off.  Is it any surprise then, that there's opposition to the specific reforms being discussed in Washington?
  5. Insuring more people will cost more money.

Next Page >>123

(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
Advertisement
Popular Articles
Related Press Releases
Advertisement
Partner Center
Recent Articles by Scott J. Berry



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 500 contributors, press releases, SEC filings and full text news from more than four thousand sources.
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia