Quite interesting to hear two of you support the idea that a government health care monopoly would be "efficient" and "cost cutting". Based on what? What economic evidence or thought supports the assertion that a monopoly on
anything results in lower cost? Why does a monopoly need to be efficient? Why would it need to worry about costs? It has no competition. It has no incentive to be efficient. With a monopoly you take what they give you at the price they dictate and say "thank you". You have no other choices.
On one hand some folks here talk up the idea that competition in the Obamacare exchanges will lower costs, with the implied argument that there were fewer choices than now and thus higher costs, but then turn around and say the single choice that comes with a monopoly will lower costs. HUH?
Primary education is, for all intents and purposes, a government monopoly in this country with some 90% of children attending government schools. If a government monopoly results in "efficiency and cost cutting", then why do we spend soooo much more on education in this country than other countries that have better results? Why is our "efficient" government monopoly in educating our children always, at least according to the politicians, in need of more money?
How is it that in
any other area of economics, we are told that having more competition will lead to lower prices, but you seem to believe a single choice will lead to lower prices if government is in charge of a health care monopoly.
Sandy and Timothy's argument makes no sense.
I'm Ed Thompson, and I approve this message.