Americans Deserve Obamacare

Most Americans either don’t know the difference between healthcare and health insurance or they are too mentally lazy to make the distinction. A population this ignorant is not going to get a good deal because they are so easy to exploit the temptation smart people have to take advantage of their ignorance is just too great.
Merriam Webster provides this definition for healthcare.
“efforts made to maintain or restore health especially by trained and licensed professionals”

Merriam Webester defines health insurance this way, “insurance against loss through illness of the insured; especially : insurance providing compensation for medical expenses”

A bill like the Affordable Care Act does not expand healthcare. It expands health insurance coverage. It does that by forcing consumers to buy what they might not buy otherwise.

Ask a room full of doctors why they practice medicine and you will get some of the most selfless, noble reasons the brain can some up with. But, what do we know about doctors? They are human beings and like everyone else, nature provides them with one basic incentive, self interest. Whatever reasons are given, just know that doctors will try to make as much money as they can in the shortest period of time.

In a system of free market medicine, goodwill is optimized.  Don’t count on that because as soon as another system, replaces the free market, goodwill starts to disappear rapidly. Healthcare was far from perfect before Obamacare became law. Costs are now skyrocketing and good care, for the most part is unavailable now that the law is in effect.

To the degree that government is involved in healthcare, there will always be less that costs more. Repealing Obamacare is a great move, but replacing it is worse than leaving it the way it is.  Republicans cannot replace Obamacare with anything better. Repealing Obamacare and then walking away is a better choice.

 

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.
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