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by markoman
1645 days ago
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So, the solution is to live with employer-controlled and -connected healthcare and watch them as they cut the coverage and hike the costs year after year. This might be fine when your a SWE in your 20's and not on any meds but for those on BP or diabetic medications, this isn't much of a solution. Government didn't create this problem because it didn't mandate that employee healthcare be a benefit from employers. That was simply "laissez-faire capitalism", i.e., the belief that the market is all-knowing and will eventually guide us to an efficient and effective equilibrium. Except that really only happens in perfect markets and they don't exist outside of textbooks. |
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No it absolutely was not. Employer provided benefits like health care became a part of the compensation package as a direct result of Government imposed Wage Controls during WWII, companies then had to get creative to attract talent because they could not simply offer more income like laissez-faire capitalism would have normally resulted.
It is increasingly frustrating that people do not understand American history enough to see all the time the government has causes a problem, then rides in with a novel solution to the problem they caused. Employers have zero desire to linked to health insurance, and laissez-faire capitalism most certainly did not create this link.
>the belief that the market is all-knowing and will eventually guide us to an efficient and effective equilibrium.
Almost no one that supports free markets believe this, it is a trope used by people to straw-man. free markets are not perfect, not by a long shot, they are however infinitely preferable to government, why? Market for the most part give you choice, when choice is taken out of the market one can often find government regulation behind that removal. Government is the removal individual choice, I like choice, I like freedom, I have no desire to have my healthcare controlled by the 535 morons in the US Congress, I know that makes me "crazy"