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by zrn900
765 days ago
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> But if you need to spend $1 million keeping a death row inmate alive who tried to commit suicide, that money might be better spent on infants with heart defects. Money being finite (and being an abstraction of medical equipment/expertise/hours which are also finite), you ultimately have scenarios where you have to choose one or the other. These are fallacies of the capitalist ideology - it creates scarcities and then imposes these as truisms. There is more 'money' in the capitalist west than what's needed to treat every single person living there. Its just being hoarded. > In the United States, insurance companies are heavily regulated, and premiums must reflect how much it costs to pay out claims, plus some small percentage for overhead. Nor do the hospitals themselves strictly seek profit... their adversarial relationship with insurance companies compels them to overbill in the theory that if one claim fails, the next can succeed... so price it for both. You are talking literal nonsense. The most expensive healthcare with the worst results on the planet is in the US. Statistically. Every argument you made above is null and void. |
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If capitalism causes scarcity, then surely socialism/communism is the true champion in this game. Scarcity of things that shouldn't be scarce in anyone's most wild imagination. Food, clothing, minor comforts like entertainment. Power, water, you name it.
>There is more 'money' in the capitalist west than what's needed to treat every single person living there.
Because the money is the abstraction of any valuable thing. Some billion-dollar-valuated company has an abstract value of a billion dollars... but that doesn't mean there is a billion dollars worth of food to feed the hungry, or a billion dollars worth of clothing to clothe the naked and ragged. Somehow though, this really drives the economically-illiterate into lunatic rages... the idea that there is a mechanism to measure the value of such things.
> You are talking literal nonsense. The most expensive healthcare with the worst results on the planet is in the US.
Sure, and you don't even understand why. If you wanted to make it cheap, you'd outlaw insurance and make everyone pay for their care out of pocket. Prices would crash within days, weeks at most. That sounds crazy to you though, because you don't understand economics very well.