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View Diary: Why Baucus' plan is pretty damn good. (186 comments)

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  •  glibertarian economics 101 (6+ / 0-)

    Look, you can't just assert "the market is always efficient" as the sum total of your argument.  Especially for a complex, non-commodity market like the health insurance market.

    At very least, you need to address Kenneth Arrow's discussion how health care is not a simple market (summarized by Krugman at Why markets can’t cure healthcare).

    And you'd also need to recognize that the Baucus plan forces people to buy insurance.  Today, people can opt-out entirely.  That loss of choice affects the price as well.

    "At the end of the day, the public plan wins the game." Sen. Ben Nelson

    by ferg on Mon Sep 07, 2009 at 01:37:21 PM PDT

    [ Parent ]

    •  Well that actually was my point (0+ / 0-)

      I think healthcare is not a market at all , but insurance more or less is.  When IBM decides to switch carriers, they all compete for the business.  There are pockets of the insurance market where no real competition exists, but all of these plans will help with that.  A public option would be better, but not enough to defeat the bill.

      •  that's still nonsense (2+ / 0-)
        Recommended by:
        skohayes, cybrestrike

        You can't just assert that insurance is a competitive market, and conclude that prices are efficient and low.  That's not an argument; it's theology.

        "At the end of the day, the public plan wins the game." Sen. Ben Nelson

        by ferg on Mon Sep 07, 2009 at 02:08:46 PM PDT

        [ Parent ]

      •  Nothing like a plan (0+ / 0-)

        devoid of real protect or tamper-proof "caps" that forces people to buy a more expensive insurance plan then they can afford.
        Our Healthcare reform will start to resemble our bad mortgages.

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