A Quote by John Podhoretz
The defense of ObamaCare's constitutionality relies mainly on the truism that everyone is sure to get sick at some point in their lives, and this makes the health-care market unlike any other market.
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Obamacare is making the market for health care less competitive.
Health care's like any other product or service: if the consumer is in charge of spending his money on it, then the market will make sure that it is affordable.
The other thing is this industry has decided it only has one market. Unlike any other industry in the world, unlike film or books or sports even, this industry has decided it has only one market and that's 14 year old boys.
Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier.
With health care, despite the fact that we as a nation have already chosen to provide health care in one form or another to everyone, we have, until Obamacare, chosen to pick the least cost-effective means, a mix of private and public offerings, of providing that care. That makes no sense.
The wellness and prevention market will outgrow the health care market.
Health care costs are on the rise because the consumers are not involved in the decision-making process. Most health care costs are covered by third parties. And therefore, the actual user of health care is not the purchaser of health care. And there's no market forces involved with health care.
All of us were born at some point, and at some point, unfortunately, most people get sick or need to care for a loved one who is sick. I mean, that's just acknowledging the reality of how we have to have labor market policies that allow people to have families, which is why we work in the first place. We have to have policies that allow us to be able to focus on our jobs and be highly productive employees. You need to be able to have policies that allow us to adjudicate between those two.
The Middle East would always be an important trading partner in just a market sense, like America is a big market for us, Asia is a big market, Europe is a big market. You are going to have hundreds of millions of consumers there, from just a standard market point of view, from a very narrow American point of view.
So smile when you read a headline that says "Investors lose as market falls." Edit it in your mind to "Disinvestors lose as market falls-but investors gain." Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: "Every putt makes someone happy.")
My advice is if we can't replace Obamacare by ourselves, to go to the Democrats and say this. 10% of the sick people in this country drive 90 percent of the cost for all of us. Let's take those 10 percent of really sick people, put them in a federal managed care system so they'll get better outcomes, and save the private sector market if we can't do this by ourselves. That's a good place to start.
Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier. Banks didn't do that
Obamacare arrived also because Republicans failed to persuade the public that we could address the avalanche of problems government had already created by decades of interfering with the health-care market.
Reformers in Washington need to do a better job of explaining how market-based alternatives to ObamaCare are a better outcome for the structure and delivery of health care.
I think that we have a number of different health care challenges in our country, and certainly addressing the uninsured is one, and the second is making sure that those with health insurance actually get the care that they assume they'll have available to them if they get sick.
Anywhere you have extreme poverty and no national health insurance, no promise of health care regardless of social standing, that's where you see the sharp limitations of market-based health care.
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