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Medical debt in the United States is another one of those defining monuments to inequality we have erected in the past decade another being the student debt cri
by kaushikktiwari 7y ago
Medical debt in the United States is another one of those defining monuments to inequality we have erected in the past decade another being the student debt crisis.
- anchpop 7y agoIronically, the severity of the student debt crisis would be reduced significantly if we made need-based scholarships illegal
- tyre 7y agoCould you expand on this? On first glance it seems like only the well-off would go to college. I won’t respond further unless I’m sure I understand your proposal
- leplen 7y agoNeed based scholarships allow universities to have nearly perfect price discrimination. This allows them to charge different prices to different consumers and extract the maximum amount each consumer is willing/able to pay. If they had to charge everyone the same price, that price would be considerably lower than the sticker prices now.
- Paul-ish 7y agoAre there studies on this, or is this just what we expect from economic theory?
- apexalpha 7y agoJust think of it like this. If Harvard would charge $2000 in tuition each year but they raise the price $1000 for every $10k your parents make. Sounds ridiculous right? So the make the price $30.000 and give discounts if your parents don't make $100.000 instead.
- foogazi 7y agoSchools would not close but adjust their spending and stop building luxury campuses Education loans just bring more money into the system and inflate tuition, just like how 0% down mortgages inflate real estate prices
- GoodJokes 7y agoIronically, the student debt crisis would be eliminated if we made college free and eliminated said debt. Soak the rich 2020
- hanniabu 7y agoThe issue is that whenever anybody tries to fix it they're labelled as a socialist because that's how the right wing media has trained people to react. Apparently the only options are absolute survival-of-the-richest capitalism or Soviet Union socialism with no in betweens, go figure. In my opinion, democracy is dead and we're at a point where you can buy votes via professional gaslighting and mass misinformation.
- rayiner 7y agoPeople aren’t labeled socialist for fixing billing surprises. Trump is pushing a bill to do just that. People are labeled socialist for proposing new federal programs that will cost trillions of dollars more per year, on top of the $6-7 trillion a year that federal, state, and local governments already spend each year. Moreover, people are labeled socialist for proposing solutions, such as single payer, that are in the more government-run end of the overall spectrum of universal healthcare systems. Instead of trying to refine the ACA, for example, which would give us something like the Dutch or Swiss system, people are pushing for single payer and banning private health insurance, which is overall to the left of the various universal healthcare systems that exist.
- deogeo 7y ago> banning private health insurance I don't think anyone is opposed to letting people buy private insurance on top of the obligatory single payer. Does any country actually ban additional private insurance?
- DaiPlusPlus 7y agoWell... Cuba, I guess. I wonder how travel health insurance works for tourists there.
- javagram 7y agohttps://www.nbcnews.com/politics/2020-election/does-medicare-all-end-private-insurance-depends-which-candidate-you-n1005071 https://www.nbcnews.com/politics/2020-election/does-medicare... “ In fact, the bill would outright ban private insurance that provides similar coverage to the new Medicare for All plans after a short transition period. That means everyone with comprehensive employee benefits or a private plan through the Affordable Care Act today would be moved onto Medicare. [. . .] Sanders has said he envisions these remaining plans covering a handful of items like cosmetic surgery that are left out of Medicare. For everything else, the only option is Medicare.”