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Republican Health Care Proposals Run Up Against Basic Economics and Can Never Succeed


#1

Republican Health Care Proposals Run Up Against Basic Economics and Can Never Succeed

David E. RePass

Republicans are trying to defy three basic economic factors with their health insurance proposals: 1) the large costs inherent in private insurance, 2) the market (supply and demand) model cannot be applied to health insurance, and 3) insurance works on an actuarial basis.

First, let us enumerate the many costs of private insurance.

1) Profits must be good enough to satisfy shareholders.


#2

The problem with this great idea is that it is a great idea.


#3

Absolutely! “Conservative ideology” is standing in the way of many important things that we need to do!