Thursday, October 1, 2009

Universal Health Care

I've had a little more time to digest the talk we went to last night, where they were trying to explain to us how important it is to give everyone universal health care, and how cheap it would actually be.

My response can really all be summed up in a short Economics lesson: Everything we purchase has to be considered a scarcity. No matter how much of it there is, there is still a limited amount of it. (Do we have consensus on that?) In a system that is working, scarcities are taken care of with one tool – prices! And yet, under the Universal Health Care System being pushed under the Conyers bill for example (H.R. 676) – prices are taken out of the economic equation. When price is no longer allowed to regulate demand, demand ALWAYS exceeds supply. There are no exceptions.

So the bottom line with universal health care is shortages, and shortages will lead to rationing. Doesn't matter what they say!

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