The Health Care Debate is OVER

[utgibbs]

As we know, I have said over and over that private insurance has no incentive for efficiency in health care. A fact reflected in the real world outside the back door, as we pay more for health than any other country per capita, but get less in return. Health care is not a market.

Although my metier is not economics in the first instance, I have a better grasp of real economics than most textbook PhDs. It turns out, and I must now give credit where credit is due, I wasn't the first to say these things about health care.

In fact, it was KENNETH ARROW, the father of general equilibrium theory.

That's a Game, Set, and Match moment if ever there was one. Health care is plagued, in the vocabulary of the PhD economists, by hidden information (or information asymmetries) and moral hazard with a dash of nonexclusivity. It is not a market, and it cannot function as a market. A single payer system is the most efficient and most free mechanism. So said the father of the perfect Pareto-efficient markets. And so says all the data from the real world.

With all due respect to milo and his excellent analysis, the myriad of problems that exist come out of one simple reason: there is no incentive for efficiency from private insurers.

Kenneth Arrow - Wikipedia, the free encyclopedia

 

[MG1968]

thanks, but no thanks.

a government that is given the exclusive power to provide your healthcare also has the exclusive power to deprive you of healthcare, and it can use force if you resist.

 

[DefenseisDesire]

Gibbs is one of those people you would give five or six free punches to the face if it just meant you could pop him in the mouth once.

 

[kptvol]

Self-administered pats on the back aren't going to change the supermajority's opinion of you.

 

[utgibbs]

thanks, but no thanks.

a government that is given the exclusive power to provide your healthcare also has the exclusive power to deprive you of healthcare, and it can use force if you resist.

Except that never happens, not even in Cuba.

 

[utgibbs]

Self-administered pats on the back aren't going to change the supermajority's opinion of you.

Supermajority = Gang of Five + handfull of acolytes.

In truth, 'nuff said.

 

[utgibbs]

Gibbs is one of those people you would give five or six free punches to the face if it just meant you could pop him in the mouth once.

What are you implying?

 

[kptvol]

Supermajority = Gang of Five + handfull of acolytes.

In truth, 'nuff said.

And the Gang of Five evidently has around 30,000 members.

 

[utgibbs]

And the Gang of Five evidently has around 30,000 members.

Again, it's been shown time and time again the GoF are in the superminority, while I, on the other hand, regarding almost all Vol issues, agree with the supermajority.

But again, this consistent disconnect with the real world tells us all we need to know about GoF opinion.

We have shown time and time again that many of the posters on the Politics board are deeply in the superminority when concerning a host of issues, and that true American opinion (to say nothing of world opinion) is much, much closer to my opinions.

 

[utvolpj]

I have a better grasp of real economics than most textbook PhDs. http://en.wikipedia.org/wiki/Kenneth_Arrow

lol:

 

[kptvol]

Again, it's been shown time and time again the GoF are in the superminority, while I, on the other hand, regarding almost all Vol issues, agree with the supermajority.

That must be why you're so damn popular and so many people constantly rush to agree with you. It's the real world outside the backdoor, baby.

 

[kptvol]

lol:

Doubling taxes mean you have to double your prices. Eggheads just can't grasp that.

 

[utgibbs]

lol:

It's not my first metier, but it has been aptly proven time and time again, as I consistently wreck the CPA and CFA professionals on here, and now find I converged independently to the same conclusions as the above Nobel Laureate regarding the falsity of a health care market. Who, by the way, proved a perfect market always yields Pareto-efficient outcomes. In other words, a guy with a stake in the other camp.

Might not have the full repetoire of vocabulary, but certainly have an abundance of math skills and natural talent.

 

[justingroves]

That must be why you're so damn popular and so many people constantly rush to agree with you. It's the real world outside the backdoor, baby.

You forgot the gorilla

 

[utgibbs]

That must be why you're so damn popular and so many people constantly rush to agree with you. It's the real world outside the backdoor, baby.

And by pretending the 10 or so people who post here and disagree with me = what the "real world" thinks is even more ridiculous than your posts on the football forum.

 

[kptvol]

It's not my first metier, but it has been aptly proven time and time again, as I consistently wreck the CPA and CFA professionals on here, and now find I converged independently to the same conclusions as the above Nobel Laureate regarding the falsity of a health care market. Who, by the way, proved a perfect market always yields Pareto-efficient outcomes. In other words, a guy with a stake in the other camp.

Might not have the full repetoire of vocabulary, but certainly have an abundance of math skills and natural talent.

You just busted the Delusion-meter.

 

[utgibbs]

Doubling taxes mean you have to double your prices. Eggheads just can't grasp that.

Except we proved that was not the case, and even the CPAs and CFAs eventually conceded.

 

[hohenfelsvol]

lol:

Boggles the mind. Unless you're smarter than a PhD.

 

[utvolpj]

Except we proved that was not the case, and even the CPAs and CFAs eventually conceded.

you were the only one claiming that was going to happen. You can't take credit for proving yourself wrong

 

[kptvol]

Except we proved that was not the case, and even the CPAs and CFAs eventually conceded.

You attempted to prove that taxes do not influence the price of a product by claiming that doubling taxes doesn't mean you can double prices. If I made such a ridiculous argument I don't think my shame would allow me to post again. Fortunately for you (and unfortunately for the rest of us) you've got a thick enough fog of delusion to where you're still able to proclaim yourself a genius with the support of the majority of VolNation.

 

[utgibbs]

You just busted the Delusion-meter.

I don't think so.

 

[kptvol]

I don't think so.

I do.

G.


S.


M.

The utgibbs debate is OVER.

 

[utgibbs]

you were the only one claiming that was going to happen. You can't take credit for proving yourself wrong

I'm afraid it did happen, and I'm afraid no one could discover even ONE case of inelastic demand and elastic supply.

Admittedly, none of the usual suspects showered me with praise, but they begrudgingly and hesitatingly admitted they didn't have it all right. Of course, they didn't provide any evidence of EVER being right, but I wasn't really concerned.

 

[utgibbs]

I do.

G.


S.


M.

The utgibbs debate is OVER.

Then that's TWO debates over in one day. Outstanding.

GSM

 

[Gramps]

thanks, but no thanks.

a government that is given the exclusive power to provide your healthcare also has the exclusive power to deprive you of healthcare, and it can use force if you resist.

The same can be said to some extent about the insurance companies.