Health Care Cost Control – It’s Hard But Can Be Done
Feb 27, 2010
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I want to have the liberty to make those choices. Everyone having the liberty to make those choices will bend the cost curve down. The medical community, which is a business, will have the incentive to find a way to drive down the cost of a $3,000 procedure to say $300. If they did so, I just might show up every 5 – 10 years at that price. That’s how markets work. If your flat screen TV set, or your medical procedure is too expense the demand drops. If you find a way to keep lowering (get that? lowering) the cost the demand will rise. But if you don’t pay the bill, if you don’t see the bill, you don’t care about the bill. If you don’t care about the bill and no one else does, then the government gets involved and the problem doesn’t get solved. Your liberty gets taken away along with your money and the government tells all their stupid citizens what to do, because, after all, government knows best. Right?
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http://libertyslifeline.com/about/
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Bill O’Connell has held a variety of positions in his career. He began as a civil engineer in the nuclear power industry in the late 1970s. He has subsequently held management positions in telecommunications, financial services, and manufacturing. He has long been an observer of government and politics and decided to add his voice to the discussion, particularly at these critical times.
He is married and the father of four. He was born in New York City and grew up on Long Island where he currently resides.
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[JR: Seems so obvious. That distortion, in the marketplace as a result of the WW2 wage and price controls, keeps us poor. Make "health insurance" more like "life insurance" or even "car insurance". Why not like "pet insurance"? Get the gooferment out of medicine -- including Medicare, Medicaid, the VA, and the Indian Health Service -- will make us all better off.]
O’Connell, Bill (MC1976)
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