How many doctors would NOT absolutely love Warren Mosler's healthcare reform proposal?
Are you a healthcare professional? What do you think? I'm just curious and invite you to comment candidly below.
If you are like me and not a healthcare professional I'd like to know what you think too. Please comment below as to whether this sounds like a favorable or unfavorable proposal.
If you want to cut to the chase on this topic just advance the video to the 7 minute mark where the healthcare portion of the discussion begins.
Remember to post your comments. Thank you!!
Tuesday, October 12, 2010
Warren Mosler's Ingenious Healthcare Proposal
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4 comments:
I'm all for taking the medical insurance industry out of the equation. I'm expecting outrage when people find out there will be no economic relief under the Obama Healthcare laws.
I'm not sure about the $ 4 Thousand cash per year for un-used healthcare. Maybe only to retire debt or pay for household education expenses?
I like most of what Mr. Mosler has put forward.
Having a hard time getting people to accept the operational realities.
How about you?
The thing about reality is it's subjective. I pray you, I and other IPs "in pardigm -ers" never let up. It's not theory, it's fact. It's not just logical, it's the way it works. But, as you know, it's counter intuitive. I'm the kind of person that thrives on learning something new especially when I'm under the assumption that I already know all there is to know.
I'm all for taking the medical insurance industry out of the equation.
hmmm - not sure if that is Warren's intent. Warren as you know has also proposed government to offer$8.00 hour plus benefits job for anyone willing and able to work as a means for transitioning unemployed to public sector jobs. As we saw with AIG, mortgage backed securities for instance, the federal government participation creates competition which drives costs lower. This is how I understand it anyway.
I'm not sure about the $ 4 Thousand cash per year for un-used health care. Maybe only to retire debt or pay for household education expenses?/
Me either, Robert :) Then again, why micro manage it? Why not allow people to do as they wish with un-used portions? What do you think?
Can you tell me more about AIG MBS and Gov't competition driving prices down?
On the $4 Thousand cash comment: I guess it wouldn't hurt to experiment and see how people handle a $4K windfall. Something my daughter could use as a subject for her Masters Thesis in Sociology?
Cheers.
Man, it's so easy to understand but difficult to explain, at least in my own words. I've pondered on this long enough though
Going deeper on AIG, MBS to show how government participation is, it least in the case of our current crisis which is not economic, it's a "balance sheet" crisis, gov't participation is appropriate, it supports what we value
http://en.wikipedia.org/wiki/Preamble_to_the_United_States_Constitution
-public purpose
Back in 2008 I recall Mike Norman sharing what seemed to him to be a no brainer- follow the Fed was the bottom line. I watched AIG go from $3 to $63 in the months that followed. Of course!!
Later, Nov 2008, the Fed announced it would enter the MBS market. Rates on 30 yr fixed dropped more than 1% in 2 weeks. Again, stability was priced into the market immediately well before the Fed opened its wallet.
How hard is it to improve health care in America? How hard is win-win?
But the private sector argues how irresponsible this is "we've go t to pay the piper.." poppycock!! For two decades now we've been unwittingly casting our votes in favor of our own demise. We're getting what we voted for, folks! We're punishing our working class for what? Using their homes as ATMs? I've yet to know of one person that knows someone PERSONALLY (not read about in the local Tribune) who suffered foreclosure for squandaring equity. But hey, if the media says our bad - put that shoe on and wear it, baby. No one I know deserved this.
Good news: Democracy works perfectly. Promoting the general welfare was good enough for our founding fathers
http://en.wikipedia.org/wiki/Founding_Fathers_of_the_United_States
and it's good enough for me.
As Mike Norman puts it - Not free - competitive. http://mikenormaneconomics.blogspot.com/2008/09/dangerous-new-policy.html
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