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View Diary: Overnight News Digest: "Pata Pata" Edition (39 comments)

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  •  BECAUSE WE HAD TO SUFFER (7+ / 0-)

    AND SWEAT AND WORK AND HAVE DIFFICULTY TO

    EARN IT!!!!!!

    Ted Kennedy: “The work goes on, the cause endures, the hope still lives, and the dream shall never die…”

    by jlms qkw on Tue May 07, 2013 at 09:31:56 PM PDT

    [ Parent ]

    •  yep (1+ / 0-)
      Recommended by:
      wader

      The post-WW2 American body began to deteriorate around the time of Milton Friedman. Unregulated capitalism is out of control: Attacking the Hungry; Suffocating Students;. Weakening Children Depleting Taxpayers; Paralyzing Voters ~ alternet.org

      by anyname on Wed May 08, 2013 at 03:52:00 AM PDT

      [ Parent ]

      •  if my memory is correct (2+ / 0-)
        Recommended by:
        wader, Eric Nelson

        Milton Friedman's worked in FDR administration  economic job in collaboration with a senior colleague on a white paper  study that determined  'specialty medicinal licensing'  would restrict supply of medical services and raise prices.

        Again if memory is holding up it was in the 1960's that the AMA began licensing specialty medicine and sanctioned general practice physicians to qualify for one specialty license and discontinue practicing general medicine.  

        Milton Friedman moved on from FDR government job to eventually start his Economic Cult ' Chicago School of Economics'  (Neocon shock doctrine capitalism); after he left government one of the first things he did was to advocate to the AMA to create specialty licenses ( it wasn't until years later that 'family medicine' became a specialty and you know how that goes.... it is the lowest paid specialty and attracts less brilliant physician graduates  than cardiac surgeons, oncologists, so on and so forth.

        My physician father, who up to that time had for thirty plus years been small town physician, came under the policy of AMA  that brought into force specialty licensing during 1960's could no longer practice general medicine.

        Before that he delivered babies when he patients went into labor, had office hours, did home visits, took care of elderly patients, did surgery when it was needed (you get the picture) he was one stop physician small town medicinal practice.

        Way back when he started he accepted barter aka chickens,eggs etc when patients didn't have money for the doctor.

        That was my first big picture perception of ECONOMICS.

        Milton Friedman went from being an associate economist co-writing white paper that reported to FDR that specialty medical licenses would restrict medical services, to becoming the lead advocate for specialty licenses. The AMA took his advice and  began 'ruling the world' with market based health care system.... America being unique in the industrialized world making obscene profit off of sick people.

        AMA's specialty licensing is 'artificial scarcity' economics;  they could demand higher and higher fees because the medical specialties were like monopolies in their regions, states or towns ( think diamonds and 'artificial scarcity'.... there are abundant supply of diamonds in the world but Rhodes realized if he became a monopoly and created scarcity he could so to speak 'rule the world' and of course the diamond industry does that ... they created with marketing, love, DIAMOND RING and happily ever after...  if memory serves Rhodes was also a racist of the first order - - he is the founder Rhodes scholarship )

        thereafter specialty physicians 'ruled the world' and with artificial scarcity created people who could not afford medical services at all as specialists demanded higher and higher fees from the pool of people who could afford medical services; and  AMA licensing policy helped create  the nascent health insurance industry into the behemoth that it is.... people without access to medical services are otherwise known in the economic MILIEU as 'DEADWEIGHT LOSS'

        http://en.wikipedia.org/...

        Cecil Rhodes

        http://en.wikipedia.org/...

        artificial scarcity

        http://en.wikipedia.org/...

        deadweight loss

        http://en.wikipedia.org/...

        Friedman was initially unable to find academic employment, so in 1935 he followed his friend W. Allen Wallis to Washington, where Franklin D. Roosevelt's New Deal was "a lifesaver" for many young economists.

        Friedman began employment with the National Bureau of Economic Research during autumn 1937 to assist Simon Kuznets in his work on professional income. This work resulted in their jointly authored publication called
        'Incomes from Independent Professional Practice'; which introduced the concepts of permanent and transitory income, a major component of the Permanent Income Hypothesis that Friedman worked out in greater detail in the 1950s.

        The book hypothesizes that professional licensing artificially restricts the supply of services and raises prices.

        The post-WW2 American body began to deteriorate around the time of Milton Friedman. Unregulated capitalism is out of control: Attacking the Hungry; Suffocating Students;. Weakening Children, Depleting Taxpayers; Paralyzing Voters ~ alternet.org

        by anyname on Wed May 08, 2013 at 05:03:14 AM PDT

        [ Parent ]

        •  $99,690 (2+ / 0-)
          Recommended by:
          wader, Eric Nelson

          http://www.huffingtonpost.com/...

          When a patient arrives at Bayonne Hospital Center in New Jersey requiring treatment for the respiratory ailment known as COPD, or chronic obstructive pulmonary disease, she faces an official price tag of $99,690.

          Less than 30 miles away in the Bronx, N.Y., the Lincoln Medical and Mental Health Center charges only $7,044 for the same treatment, according to a massive federal database of national health care costs made public on Wednesday.

          The post-WW2 American body began to deteriorate around the time of Milton Friedman. Unregulated capitalism is out of control: Attacking the Hungry; Suffocating Students;. Weakening Children, Depleting Taxpayers; Paralyzing Voters ~ alternet.org

          by anyname on Wed May 08, 2013 at 05:37:44 AM PDT

          [ Parent ]

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