Free Markets, Free People

QandO TV: Episode 2

In this episode, I address the health care reform bill that passed the Senate.

BTW, in the very near future, I’ll be dumping my old camera, with it’s irritating “helpfulness” in constantly moving the frame around to track your movements.  I’ve got a brand new AG-HMC40 winging its way to me.

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2 Responses to QandO TV: Episode 2

  • Why are we allowing the federal government to nationalize our health industry?  Doctors don’t want it; hospitals are opposed; patients are in open revolt and insurance companies are being driven out of business.

    Today, we have a $2.5 trillion private medical sector, providing essential services and generating substantial tax revenue.  The administration and Congress want to destroy that private sector and the revenue it generates and replace it with a government controlled entity that would be a tax liability.

    As a business solution, it makes no sense. We have customers who need health care and have the money to pay for it.  We have highly qualified, skilled professionals eager to provide the service.  How do we connect customers and suppliers?  We tell the government to butt out.

    Form our own health cooperatives or guilds with strict participation rules.  These organizations operate under quasi-union rules.  Patients and providers would own the cooperative and participate by consent.

    Patients should pay a reasonable premium based on their health and sign a waiver of punitive damages as a condition of membership.  Young people could low cost policies to cover catastrophic health problems if they wanted.  Premiums could act as a health savings accounts, with unused deposits returned to members as dividends.  Medical records would be kept from the prying eyes of government.  Without the threat of litigation, treatment would be superior to commercial coverage.
    As a model, look at United Services Automobile Insurance, an insurer that began by selling auto insurance to officers in the US military.  If you make no claims, USAA sends you a partial refund; mine is due any day now.  Today, they run banks, a mortgage company and sell homeowner’s policies also.

    Service providers would submit to background investigations and performance reviews as a condition of membership.  The benefit would be a lawsuit free, unfettered, profitable practice.  I believe that doctors and nurses would much prefer a guild to government control.

    Insurance companies could provide the administration, quality control and financial management.

    These organizations could serve as an alternative to conventional insurance for small business owners.  They could pay the cost of enrollment for their employees if they agreed to the conditions.  Cooperatives would provide economies of scale, legal protection and lower costs without the uninvited hand of government.

    Please tell me what I’m missing.