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There's no market based approach that can "fix" healthcare. Market self regulates around substitute goods, but healthcare is in the business of health and there

There's no market based approach that can "fix" healthcare. Market self regulates around substitute goods, but healthcare is in the business of health and there's no substitute for that. Very few humans will say "all considered, the ROI/statistical likelhood of this procedure is not positive so I will pick death instead", it just doesn't happen. Single payer is the only way to go.

conanbatt 8y ago
> but healthcare is in the business of health and there's no substitute for that There's plenty of substitutes, and there are plenty of things that have little to no substitutes and don't have these issues (food, clothing..housing does have some of the same issues). Healthcare is a mess because it is the most regulated market there is.
- luckydata 8y ago
  I don't think you understand what I said.
  - conanbatt 8y ago
    Correct me if I'm wrong: luckydata: there is no substitute to healthcare services, so whatever you need in healthcare, whoever provides service has absolute leverage to charge whatever they want. response: there are plenty of substitute effects in healthcare as you can deny getting treatment, or choose cheaper treatments. Moreover, even if you had no substitute effect possible, there are also other examples of markets with "no substitute effects" like food or clothing, but there is no gouging. It is a characteristic of the market but on itself is does not guarantee gouging unless other conditions are met, most typically mononopolies, and most typically gov. granted ones.
specialist 8y ago
Even with single payer, there's a large thriving market. Vendors, suppliers, manufacturers, contractors, auditors, etc. Bandages need to be made, hospitals need to be cleaned, nurses need to be trained, etc.
- luckydata 8y ago
  You can make things and get paid in a non-market economy like the one connected to single payer healthcare. What you don't get is maximization of profits.

conanbatt 8y ago

> but healthcare is in the business of health and there's no substitute for that There's plenty of substitutes, and there are plenty of things that have little to no substitutes and don't have these issues (food, clothing..housing does have some of the same issues). Healthcare is a mess because it is the most regulated market there is.

luckydata 8y ago
I don't think you understand what I said.
- conanbatt 8y ago
  Correct me if I'm wrong: luckydata: there is no substitute to healthcare services, so whatever you need in healthcare, whoever provides service has absolute leverage to charge whatever they want. response: there are plenty of substitute effects in healthcare as you can deny getting treatment, or choose cheaper treatments. Moreover, even if you had no substitute effect possible, there are also other examples of markets with "no substitute effects" like food or clothing, but there is no gouging. It is a characteristic of the market but on itself is does not guarantee gouging unless other conditions are met, most typically mononopolies, and most typically gov. granted ones.

specialist 8y ago

Even with single payer, there's a large thriving market. Vendors, suppliers, manufacturers, contractors, auditors, etc. Bandages need to be made, hospitals need to be cleaned, nurses need to be trained, etc.

luckydata 8y ago
You can make things and get paid in a non-market economy like the one connected to single payer healthcare. What you don't get is maximization of profits.