Common Dreams: Paul Ryan Hates the Idea of a Free Market in health Care. He Wants to Give money to Rich People.

The following is an excellent article written by Dean Baker on the Common Dreams website on July 10, 2017 titled “Paul Ryan Hates the Idea of a Free market in Health Care.  He Wants to Give Money to Rich People” and I quote:

“Paul Ryan Hates the Idea of a Free Market in Health Care, He Wants to Give Money to Rich People”

‘It is very generous of the NYT to pretend that the Republicans are motivated by some sort of principle in their efforts to repeal the ACA,’ writes Baker, ‘but the claim is absurd on its face.’ (Photo: Gage Skidmore/flickr/cc)

The NYT is again spreading the absurd myth that Paul Ryan and other Republicans want a free market in health care. While it is very helpful to the Republicans to imply that they are trying to advance some grand principle, as opposed to just giving money to rich people, it is a lie on a par with climate denialism.

There are no government-granted patent monopolies in a free market. As a result of these government granted monopolies, we will pay more than $440 billion for prescription drugs this year. These drugs would likely cost less than $80 billion in a free market. The difference of more than $360 billion a year is a bit less than 2 percent of GDP more than seven times as much money as is at stake in the Republicans proposed Medicaid cuts. (Those cuts cover a decade, this is a single year figure.)

The same story applies to medical equipment. MRIs are cheap without patent protection.

It is possible to argue for the merits of government granted monopolies (I argue against them in chapter 5 of Rigged [it’s free]), but it is not possible to deny that these monopolies are a government policy, not the free market. Paul Ryan has never indicated any opposition to government granted patent monopolies.

Similarly, we pay our doctors twice as much as their counterparts in other rich countries, costing us more than $80 billion a year in higher health care costs. This is due to the protectionist barriers enjoyed by our doctors, which protect them from both foreign and domestic competition. (This is covered in chapter 7 of Rigged.) Paul Ryan has never indicated a desire to remove the protectionist barriers that allow many doctors to reach the top one percent of income earners.

The government also privileges insurance contracts in many ways compared with other contracts. For example, with insurance contracts not disclosing relevant information can often void the contract. By contrast, with most contracts, the parties to the contract are responsible for learning relevant information themselves. Ryan has not indicated any desire to reverse this privileged position for insurance contracts.

It is very generous of the NYT to pretend that the Republicans are motivated by some sort of principle in their efforts to repeal the ACA, but the claim is absurd on its face. It does not deserve to be treated seriously, the repeal is about giving more money to rich people, end of story.

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(GIVING MONEY TO RICH PEOPLE SO THAT THEY CAN GIVE THE POLITICIANS BIGGER CAMPAIGN CONTRIBUTIONS AT ELECTION TIME, POLITICIANS FEEL IS JUST GOOD BUSINESS.  AT LEAST FOR THE ELITIST ONE PERCENT AND IF THE 99 PERCENT DON’T HOLLER TOO MUCH, THEY WILL KEEP GETTING AWAY WITH IT.  IT’S DEFINITELY TRUE IN THE REPUBLICAN PARTY AND THE DEMOCRATS CAN’T SEEM TO MAKE UP THEIR MIND.  THAT HESITANCY IS WHY SO MANY DEMOCRATS STAY HOME AND DON’T VOTE.

LaVern Isely, Progressive, Overtaxed, Independent Middle Class Taxpayer and Public Citizen Member and USAF Veteran

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About tim074

I'm a retired dairy farmer that was a member of the National Farmer's Organization (NFO). Before going farming, I spent 4 years in the United States Air Force where I saved up enough money to get my down payment to go farming. I also enjoy writing and reading biographies and I write about myself as well as articles and excerpts I find interesting. I'm specifically interested in finances, particularly in the banking industry because if it wasn't for help from my local Community Bank, I never could have started farming which I was successful at. So, I'm real interested in the Small Business Administration and I know they are the ones creating jobs. I have been a member of Common Cause and am now a member of Public Citizen as well as AARP. I have, in the past, written over 150 articles on the Obama Blog (my.barackobama.com) and I'd like to tie these two sites together. I'm also on Twitter, MySpace and Facebook and find these outlets terrifically interesting particularly what many of these people did concerning the uprising in the Arab world. I believe this is a smaller world than we think it is and my goal is to try to bring people together to live in peace because management needs labor like labor needs management. Up to now, that hasn't been so easy to find.
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