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The Health Care Crisis, Part I

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Dr. Hui explains what managed care organizations are, and their relationship to the current health care crisis in the U.S. For more information visit: http://www.pinkyshow.org/

Channel: News & Politics
Uploaded: November 19, 2006 at 10:32 am
Author: pinkyshow

Length: 15:30
Rating: 4.64
Views: 29138

Tags: care  crisis  economic  economy  health  HMO  hospitals  insurance  MCO  medical  medicine  pinky  show  

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jsgoodfella (August 15, 2008 at 4:11 am)
You are right. The normal laws of supply and demand don't work in healthcare, and I do not want the U.S. government to regulate healthcare, thus screwing it up.
jsgoodfella (August 15, 2008 at 4:01 am)
I meant our, not ur, sorry about that What I meant was income tax. Oh, and the top 10% pay 64.2% of total government revenue. The rich give the government most of its money.
digitalnow (August 15, 2008 at 3:15 am)
jsgoodfella, which taxes are you talking about? Do you mean income tax? You do know that that is not the same thing as payroll tax? right? Those who make the least, pay the most in payroll tax. Once you make $100,000.00 you don't pay payroll taxes on the rest of the money. So, if you get one mill in payroll, you only pay payroll tax on $ one hundred thousand of that.
ProprietorOfSelf (August 14, 2008 at 6:36 pm)
but the worst conceivable system imagineable is one in which healthcare is monopolized by a single service provider. any economist can tell you why market monopolies are bad. monopolies, by their outlawing of competition in any given industry, are NOT subject to fair market price. they charge high prices and provide poor quality services. there is no incentive to innovate, make production more efficient, or lower prices, because there is no competition.
ProprietorOfSelf (August 14, 2008 at 6:35 pm)
the potential for failure and excessive costs in a fee for service system exists when the government begins licensing service providers, and thus restricting competitive entry into the industry. this is protectionist legislation which restricts the amount of service providers available and allows the existing providers to charge high rates for their services.
ProprietorOfSelf (August 14, 2008 at 6:35 pm)
when doctors compete for patients, the consumer wins. in order to win more patients and ensure that customers keep returning, doctors will provide quality services and, in doing so, guard their personal reputations. as long as human beings are greedy, free market healthcare WILL work. if we had a free market system, there would be no healthcare crisis, just as there wasn't a healthcare crisis prior to government involvement.
ProprietorOfSelf (August 14, 2008 at 6:35 pm)
the fee for service system did work exceptionally well and pinkyshow didn't really do a very good job of discrediting it. OF COURSE there is incentive to provide a quality service in the fee for service system! the market creates competitive solutions to human problems.
jsgoodfella (August 14, 2008 at 5:03 pm)
The top 1% richest people in the USA pay 32% of ur total taxes.
genevievefoster (August 14, 2008 at 2:28 pm)
i like the video can we see the sites of information data used
digitalnow (August 14, 2008 at 9:53 am)
There is a really good video here on youtube on SB840, a single payer system for health care. It was posted by DrDon5. It is tilted "The Healthcare Solution: California OneCare"

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