Comments by "" (@jmitterii2) on "" video.

  1. I have to add, when first education in this country is treated like a right, because of its necessity for a democratic government and its other levels city, state, and federal, to exist, we consider education a right. But not healthcare?  We consider police and fire protection a right? But not healthcare?  The very means of continuing to exist when facing a disease isn't a right. But to argue over a contract in court is a right LOL!  Too funny. Shows you're moral lack of progress in the area of reason.
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  2. Healthcare is a right.  And we don't like seeing people die on streets... at least all the people I know.   Secondly, medical care is contradictory to a liasses faire method as it disobeys fundamental principles that would allow markets to function with better efficiency. 1) The product and services are infinitely inelastic-- meaning regardless of price people will seek and get it even if they can't pay because it means their life. 2) Substitutes are few and some substitutes available such as not getting preventative treatment lead to even more costs in the long run which is a force toward irrational behavior because of short term reasoning forgoing long term reasoning.  3) Due to patent laws markets are not perfectly competitive at all 4) due to fairly heavy government subsidies for R&D and production of unprofitable vaccinations market is anywhere near perfectly competitive. 5) If markets were perfectly competitive which they never are since we don't have perfect knowledge, it would mean either a substitute that worked just as well than medical service or products existed or some people would simply have to go without meaning suffer and die. That is raw economics in the "positive" meaning scientific manner.   Morality can be rationally argued that medical services are an extreme necessity. The question currently-- how should it be paid for.  Reasonably by those most capable of paying drawing down payment from the least who can afford it.  Pooling money like a nonprofit national insurance appears to be the best system.  Pretty much all develop nations besides the US has figured this one out.   Rationality. It's a bitch. 
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  3. Medical services certainly don't work with the concept of perfectly competitive markets. Each principle is violated by the nature of the medical industry: 1) Perfect knowledge; people tend not to have much time in emergency situations and must act fast or die. 2) All products are the same: No, they're not. Requires specialized trained medical professions varying from Urology, pulmonary, neurology, general practitioners whether fully trained in residency or just with a certified practitioners certificate not an Medical Doctor. The products are vast as the biology of people are. 3) Entry barriers: Hospitals are expensive as they should be well staffed ready for emergencies. But of course we don't know when large catastrophes happen, so they're staffed regardless of enough customers at a particular time; very bad on profit motive. In fact, ding bats in favor of medical patents are already throwing in the towel that medical industry doesn't fit within the "free market" concept of perfectly competitive markets because patents are a direct tweak to the market as a way to make it function more efficiently because it's natural state doesn't fit an efficient market. 4) Profit maximization: it does follow this at a detriment of the consequences of the market: Biotechs and pharmacies tend to focus on low hanging fruit like erection pills and making those more available then taking the risk in developing more life saving products because erections sell. Investing in a new cancer drug research or virus vaccination is drawing from a generally small niche of people; not all people will need it, and case of vaccinations eventually you run out of customers with your own product and no modifications are generally needed. 5) When someone requires medical assistance the price becomes perfectly inelastic.  Need I say? Medical systems don't operate in a natural "hands off" fashion efficiently according to perfectly competitive markets.  They should not be part of a hands of deregulated or non-regulated profit motive business. 
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