Comments on: America’s Broken Health-care system, Episode #1,647 http://www.merge-left.org/2012/05/29/americas-broken-health-care-system-episode-1647/ Right Lane Ends -- Merge Left Fri, 10 Aug 2012 18:11:48 +0000 hourly 1 By: Emocrat http://www.merge-left.org/2012/05/29/americas-broken-health-care-system-episode-1647/#comment-2661 Emocrat Fri, 01 Jun 2012 19:09:56 +0000 http://www.merge-left.org/?p=7416#comment-2661 Indeed, our healthcare denial system is seemingly based on the micro-economic model of the hapless tourist whose car breaks down in the desert. Towed to a dusty hamlet with one crusty mechanic, a query about the charges is answered with one simple question:

“Well, how much money you got?”*

A market is simply defined as a “price discovery mechanism.” So it seems absurd that anyone could call this system a “market,” since one has to know the secret password to discover any prices at all. Whacked as it was, even Monty Hall had a better discovery mechanism than the Medical-Industrial Complex.

*–from National Lampoon’s Vacation

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]]> By: David http://www.merge-left.org/2012/05/29/americas-broken-health-care-system-episode-1647/#comment-2655 David Wed, 30 May 2012 00:18:06 +0000 http://www.merge-left.org/?p=7416#comment-2655

“It frustrates people because there’s no correlation between what things cost and what is charged,”

Yes, the idea that these things are usefully described as a market is fanciful. Which is why it’s frustrating that so many thought market mechanisms could fix it.

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