Comments by "DynamicWorlds" (@dynamicworlds1) on "Lawrence: ‘We Became Anti-Intellectual About Socialism’" video.
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Chander S it's funny because most people don't know that the road system amounts to socialism. You're wrong about healthcare though. Single-payer systems provide better outcomes at lower cost than our system. That's just objective fact.
It's an industry with inelastic demand which benefits the whole of society for everyone to have access to and is arguably infrastructure. That's exactly the kind of thing that tends to do better when run by the government. (Also, where we have inelastic demand, we would expect to see exponentially increasing costs, which is exactly what we see for healthcare)
The insurance part is the worst as, unlike other types of insurance, there's little incentives they can create for behavior change that are more significant than risks to one's health, and there're no real efficiency gains to be made.
That means the only ways the health insurance "industy" can look to to seriously increase profits are making people think they are getting better coverage than they are, arbitrary denying coverage based on arcane rationalizations, flat out denying the chronically ill coverage/making it prohibitively expensive (which thankfully the ACA greatly cut back), and charging more to let the rich cut in line over those with greater need for immediate treatment.
None of those are good for consumers as a whole. We're much better off just pooling money through taxes and paying for it that way as the government doesn't need to make a profit.
To top it off, we're only talking about socializing health insurance while leaving the rest of the healthcare industry very privatized, which is hardly even an extreme position, especially in light of superior systems out there doing just that. You could go much further and still have a healthcare industy that still had a lot of capitalism in the mix.
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