We were talking about health care at work…

We can sometimes run off the road and deep into the weeds here at Directional U.  We had a discussion on health care.  I, of course, was advocating the free market position.  Not because I think free markets are the perfect solution, but because I believe free markets are the least bad solution.

I would like to see supply and demand in health care deregulated.  I want to purchase health care services and insurance products in whatever fashion I deem appropriate to me and my needs.  I believe we are headed, in the very near term, toward an era of reduced funds to pay for health care.  I would much rather be making the decisions about how I am going to spend my limited funds on my health, than to have a small committee of experts in Washington making decisions about my health care with their limited budget and limited knowledge of my specific situation.

The Vermont Tiger gets my sentiment down in bits in manner much better than I could ever do; a sample:

But medical care is … different.

There is no limit to the amount of care any one individual might absorb – especially towards the end of life. Technology keeps making medical care better but the economics of medicine more difficult. There is more and more that can be done to prolong life or improve the quality of life. We don’t like to think that cost limits treatment, or that we would trade off dollars for lives; but we have no choice. There are only so many dollars and there is no limit to how many dollars could be spent on any one of us.

Do read the whole thing.  It is a very adult perspective.  I notice he says the plan introduced by Rep. Ryan still has an individual mandate involved.  Obviously that runs counter to what I would like.  Maybe the free rider problem (we treat all who show up at the emergency room, for example) is just too great to overcome by anything other that an individual mandate.  My preference would be for doctors to be able to refuse treatment for any reason they like.  That would fix the free rider problem.

My advice on the issue is to pay very little attention to the news.  Give the various proposals time to be studied by those who you consider serious and fair.  That is tough to do in our media markets, but honest analysis is out there.

I know I’ll be writing more about this topic in the future.

Hat tip: Bird Dog

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