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aratinga

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10. It's not the private healthcare, it's the profit motive

Fri Apr 27, 2012, 04:51 PM

Apr 2012

There are a great mix of health care providers, public and private, in the various Universal Health Care schemes in Europe and elsewhere, including Canada and Australia. All these systems work pretty well because profit is not allowed. Our system is corrupted by the invisible hand of Adam Smith, which leads everyone toward maximizing profit. This leads to inefficiency at the least, and fraud ultimately.

Efficiency can be realized by the efforts of the participants, once the profit motive has been removed from the mix.

For an old and interesting mix of health care, see Germany:

http://en.wikipedia.org/wiki/Health_in_Germany

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Government-Run Healthcare is More Efficient Than Private Healthcare [View all] MindMover Apr 2012 OP

Repubs aren't interested in efficiency Turbineguy Apr 2012 #1

True but not exclusive to the republicans. n/t Egalitarian Thug Apr 2012 #5

Medicare overhead is a fraction of commercial insurance. I have data somewhere, but don't have time Scuba Apr 2012 #2

Slightly less than 1/10th the cost. 3% vs. 25% - 40%. n/t Egalitarian Thug Apr 2012 #4

There can be no substantial debate of this. But because of where an actual debate would inevitably Egalitarian Thug Apr 2012 #3

Du rec. Nt xchrom Apr 2012 #6

Medicare and Medicaid have 2 trememdous advantages. sendero Apr 2012 #7

VA health care is even more efficient than Medicare. subterranean Apr 2012 #8

Even If It Were Not "More Efficient", ... zorahopkins Apr 2012 #9

It's not the private healthcare, it's the profit motive aratinga Apr 2012 #10

There is efficient and there is cost effective. Ruby the Liberal Apr 2012 #11