Oh So We Can't Fix Health Care Eh?
The Market Ticker - Commentary on The Capital Markets
2017-07-11 08:46 by Karl Denninger
in Health Reform , 393 references Ignore this thread
Oh So We Can't Fix Health Care Eh?
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Uh, yeah, sure we can't.

Go read that folks.

Now contemplate this: This law is completely unnecessary because the health industry has twice gone all the way to the Supreme Court to try to defend their abuses, once citing McCarran-Ferguson (in the late 1970s and early 1980s) and lost both times.

I've cited these decisions multiple times on this page.

Yet not only will the Federal and State governments not enforce the existing law The Senate has refused to take up this act which passed by near-unanimous consent in the House.

The entirety of how the US Health System operates today is in rank violation of 100+ year old law, as I have repeatedly pointed out in these pages.

Not only will the government not enforce existing law a few-sentence bill to make clear that such enforcement must take place can't even get a hearing in the Senate.

The entirety of our government, from the President down, must either stop this crap and enforce the law against the medical scam machine that currently consumes through its machinations one dollar in five spent in the economy, causing price to collapse and its share of the economy to return to something more-akin to historical levels or both State and Federal government funding will collapse as the exponential expansion that has taken place cannot continue forward as it is mathematically impossible for it to do so.

If you don't understand how and why this problem will soon consume our nation entirely then go read my several-year old article on lilies.  You might wake up.

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Ginnie
Posts: 16
Incept: 2017-04-03

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I despair of ever getting people to think about the situation we're in with medical care. I've decided that a large chunk of people don't know how to think through a problem. I get blank stares when I say that insurance can't be affordable if the medical care it's insuring isn't affordable. Everybody complains about a $20 Tylenol in the hospital but can't seem to make the leap to understand that's what needs to stop for our medical system to work.

I broke my collarbone in 1964. My mother was a divorced file clerk, dad paid no child support. She was able to pinch pennies a bit more than usual and pay the bill for putting me to sleep so they could x-ray and put me in a sling plus a return visit to make sure I'd healed correctly.

What the he!! happened and when are we going to fill a few prisons with those responsible for ruining the entire medical system of the United States of America? Are laws only for the little people?
Bellingham
Posts: 3
Incept: 2017-02-05

Bellingham, Washington
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Q: Is Health Care even a power delegated to the Federal Government or is it a States only issue?

Is it easier to enforce anti trust laws at the State level?




Jack_crabb
Posts: 5226
Incept: 2010-06-25

Peoples' Republik of Maryland
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@ Bellingham: Tenth Amendment to the United States Constitution - The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

No, Health Care is NOT a power delegated to the Federal Government. To take it a little bit farther, and to******some folks off, health care is NOT a God-given right, either. (FDR and leftists notwithstanding.)

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Molon Labe
Where is Henry Bowman when you need him?
How many are willing to pledge this? We mutually pledge to each other our Lives, our Fortunes, and our Sacred Honor
Quik49
Posts: 3928
Incept: 2007-12-11

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We are a nation of dumbass idiots.....spent a good part of last Saturday morning with a neighbor discussing this exact article....like talking to a wall....it's not the insurance dumbass, it's the cost of what you are insuring..... All I can do is take care of what comes down my driveway and what goes on in my house...fubar

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Long Vaseline....

Nickdanger
Posts: 636
Incept: 2011-06-12

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Everyone I talk to seems to be totally brainwashed to believe it is an insurance problem. I guess because that's all they hear from the MSM. I'm ready for it to collapse.

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Grammar: the difference between knowing your **** and knowing you're ****.
Kgmqt
Posts: 99
Incept: 2013-08-19

Minnesota
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I agree that the problem is the health care cost side of the equation. Like Karl has been hammering on - many services should be priced so that if you manage your money and have a little savings you can afford them. In a pinch you credit card it, and pay for it later.

There are issues on the insurance side, but it is mostly the games played because the cost side is so damn high. I generally lump people into 3 categories:

-They are not paying for their insurance, or it is subsidized to a large extent.
-They get it through their employer, and only figure in what comes out of their paycheck, and think they are getting a good deal.
-They bear the full burden of insurance and realized they are getting raped, but also realize they could not afford not to pay the insurance because the medical expenses would bankrupt them.

So many people fit into the first two categories that they don't care about what the actual cost is at the provider. Many of them have a chronic disease and know they are going to get way more out of insurance then what they put in. If the solution involves them having to be directly accountable for the cost of their care they refuse to allow the system to change. Even if they would be better off in the long run they cannot realize that value over the short term disruption to their current working model.

This is why they are brainwashed to the problem. People in general refuse to accept facts that are contrary to their way of life and it is compounded with most people do not want to accept responsibility for their own well being.

Mannfm11
Posts: 5379
Incept: 2009-02-28

DFW, Tx
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We know why they don't fix it. Number 1. The hospitals and drug companies own Congress. Number 2. Whether it is necessary or a mistake, government is like a mad dog once it grabs something. They blackmail us with health and education and make it worse as time goes on. In the process, they destroy the economy and only the connected are taken care of

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Mannfm11
Posts: 5379
Incept: 2009-02-28

DFW, Tx
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Jack Crabb, the fifth amendment actually prohibits socialism, through the taking clause. The new deal was once overturned under that clause and FDR appointed a justice or 2 and the ruling was overturned. As it is established, medicaid could be totally run by the states, since it is set up across the country. $500 deductible insurance that costs an arm and leg is nothing but a scam to funnel money into the hospital bureaucracy and insurance companies. No sane healthy middle-class person would voluntarily pay those premiums

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Orionrising
Posts: 26
Incept: 2017-01-26

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interestingly Maine apparently just passed a bill making certain insurers reward customer for price shopping in imagery and a few other areas. It appears to cover only a small number of customers though....

https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0147&item=3&snum=128

http://bangordailynews.com/2017/07/10/he....


the law also requires a bit of price transparency at least...
Dennisglover
Posts: 686
Incept: 2012-12-05

Huntsville, AL
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@Oriorising: From the story
Quote:
Insurers opposed the law, as did the Maine Hospital Association. A MaineHealth representative testified that even if providers lower prices on their shoppable services to compete, they may increase prices for other services, such as trauma care.
Really? Oppose "difficult circumstances" to what is quite clearly an extremely good measure by a State Legislature and Governor?

Horsecrap.

I haven't been to Maine since 1969, and I still like that State!

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TANSTAAFL

Yourapostasy
Posts: 52
Incept: 2008-10-06

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Before we collapse, we will go through a period where we eat our seed corn, selling every asset that isn't nailed down or defended at gun point, to continue this feckless charade. Various legislation and regulations easing asset stripping, hypothecation, and even more leverage will pass to broad acclaim while we few here and in other saner pockets of discussion figure out how to duck for cover, and the nation will dubiously engorge upon the ill-gotten proceeds of imaginary prosperity, inevitably ending up like Venezuela.
Dennisglover
Posts: 686
Incept: 2012-12-05

Huntsville, AL
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@Yourapostasy -- that's why I'm cleaning my AR-15 right now.

And I'm going shooting tomorrow, on the little range my old buddy allowed me to set up on his land... It's only 60 acres here in this undisclosed location... But it's big enough...

(By the way, I no longer use steelcase ammunition. After two misfeeds that make my AR impossible to operate without a gunsmith getting involved, I'll just use brass!)

(Lots of targets to be set, and fired upon, hopefully hit.)

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TANSTAAFL
Nonsensical
Posts: 24
Incept: 2017-06-16

La Verne, CA
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I don't see any talk in Congress concerning monopolistic practices coming up any time soon.

It's not just health care. Any time a discussion of monopolistic practices comes up in Congress, it's the tech companies that shut it down: any and all discussion. Google and Amazon (which is technically a monospony) more so, but Microsoft, Facebook get into the action too, and then there's Apple, Comcast, Spectrum, Verizon, AT&T. If they're not monopolies, they're duopoloies.

But this is where the real money comes from. And much of the perspective on monopolies is influenced by Robert Bork who argued the only thing that matter in terms of monopolies was consumer price points. Which is the same thing I see a lot of libertarians unfortunately argue about too. For example, the blogger, Mish, only naively looks at consumer price points in terms of monopolies.

But monopolies are not just about consumer price points (for monosponies it's the other way around, on the producer), it's about a lot of things, especially political. I'll remind everyone, Thomas Jefferson thought monopolies should be banned in the Bill of Rights.

So consider this, if anti-trust issues are discussed in one field, health care, then it'll likely continue into others. And it's those "others" that try to prevent this discussion.

Tickerguy
Posts: 149209
Incept: 2007-06-26
A True American Patriot!
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How long before the shooting starts?

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Winding it down.
Dennisglover
Posts: 686
Incept: 2012-12-05

Huntsville, AL
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Yes, Karl...

When do the fish start shooting at the lilies?

It's not that the plants are intentionally destroying the animals.

But that's what is happening.

Right?

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TANSTAAFL
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