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Supply and Demand: Reviewing the Unbreakable Theory That Shall Doom ObamaCare In Short Order
Pajamas Media ^ | 03/22/2010

Posted on 03/22/2010 9:10:53 AM PDT by SeekAndFind

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1 posted on 03/22/2010 9:10:53 AM PDT by SeekAndFind
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To: SeekAndFind
Today’s Democrats rail against the evil insurance companies and their profits, and once again pretend to champion the little guy. This time it’s medical care, not gasoline, that will be in short supply. The new bill will have a significant impact on seniors, since cuts to Medicare and Medicare Advantage are a large part of the plan’s advertised savings, and that means more doctors will be opting out as the cost of everything medical skyrockets.

I hate to break this to the author of the article, but this is exactly what one of the key points of the "health care reform" bill is all about . . . to start cutting back on the money being spent for health care for people who aren't paying their own way anymore.

The examples the author cited to illustrate the principles of supply, demand and pricing . . . involving the professor, his class, and the sale of a car . . . is appropriate for a discussion about general economic principles, but has no bearing on the discussion about health care. The reason for this is that health care services in this country rarely ever involve an interaction between a single buyer and a single seller. The presence of an intermediary (an insurance company or a government agency) throws everything out of kilter.

A more appropriate example would have involved a professor who offered to buy a car from his class . . . but would have the government or another third party pay for it instead of paying for it out of his own pocket. At that point, he really wouldn't care how much it cost but would be adamant that he had to get his hands on the best car anyone ever owned.

2 posted on 03/22/2010 9:22:21 AM PDT by Alberta's Child (God is great, beer is good . . . and people are crazy.)
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To: SeekAndFind
The foundational assumption for socialism is that there is an existing surplus sufficient to be redistributed without obvious immediate harm. By the time the harm sets in the other side is blamed for it - in communist Russia these were known as "wreckers." It's a jolly way to avoid blame and hang a few of the opposition in addition. It does nothing for the economy but everything for the party.

Lest anyone think I'm exaggerating, let us note that the hate campaign against anyone opposing health care "reform" has ramped up with its passage in the House instead of abating. Opposition to 0bama is now openly smeared as racism and that will continue until 2012. They're setting up critics as scapegoats for the inevitable shortages and failures, and it's going to get very much nastier before it's all over.

3 posted on 03/22/2010 9:22:56 AM PDT by Billthedrill
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To: SeekAndFind

The Dems want the system to break. That is the fastest course for them to achieve a single payer system.


4 posted on 03/22/2010 9:26:00 AM PDT by rwh (What great fortune it is for those in power that the people do not think!)
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To: SeekAndFind

what the hell does “the truth will out” mean?


5 posted on 03/22/2010 9:29:16 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: SeekAndFind
i>But if he continues increasing his offer there will come a point, maybe when he gets into the hundreds of thousands of dollars, where everybody in the class will have a hand in the air.

Which is when he chooses a single buyer and informs the rest of the class that he will extract an equal amount from each student's checking account to fund his purchase.

6 posted on 03/22/2010 9:30:09 AM PDT by Cletus.D.Yokel (Freepmail me to get on the Bourbon ping list.)
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To: SeekAndFind

Good article.

But less than .000100% of America will read it and less than 3% understand it.

When the DemonRats next get on TV screaming about evil Fill in the blank here) companies or Parties or Voters

53% of America will sagely nod their heads and mutter

Dat Right! Go get ‘em ‘Rats.

What do we do in a situation like that???


7 posted on 03/22/2010 9:33:44 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: subterfuge

RE: what the hell does “the truth will out” mean?


Meaning

The truth will become known eventually.

Origin

From Shakespeare’s The Merchant of Venice, 1596:

LAUNCELOT: Nay, indeed, if you had your eyes, you might fail of the knowing me: it is a wise father that knows his
own child. Well, old man, I will tell you news of
your son: give me your blessing: truth will come
to light; murder cannot be hid long; a man’s son
may, but at the length truth will out.


8 posted on 03/22/2010 9:35:36 AM PDT by SeekAndFind
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Comment #9 Removed by Moderator

Comment #10 Removed by Moderator

To: SeekAndFind

I predict a vast supply of private medical clinics, staffed by former US physicians, cropping up in Mexican border towns. Cuba offers opportunities too, once the old tyrant is out of the world’s misery.


11 posted on 03/22/2010 9:40:43 AM PDT by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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To: SeekAndFind

Oh, naturally. So does everyone die in the end, when the truth will out?


12 posted on 03/22/2010 9:41:21 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: SeekAndFind
... And the average product of our public school system says...

HUH???????
13 posted on 03/22/2010 9:41:33 AM PDT by Safrguns
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To: SeekAndFind

Socialists and communists, when faced with the abject failure of their programs have two choices. One is to fall back and retrench admiting at some level they failed, the other is to apply limitless force as required.

Ask the Ukranians of the 1930’s about Stalin’s reconsidering the wisdom of collectivization.


14 posted on 03/22/2010 9:44:48 AM PDT by Tijeras_Slim (Live jubtabulously!)
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To: rwh

They will drive the private insurers out of business,
implement government single payer,
put their bureaucrats in charge of it,

and use the denial of medical care as a political weapon.


15 posted on 03/22/2010 9:46:24 AM PDT by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
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To: SeekAndFind

In order to make any part of this bill work - THE GOVERNMENT HAS TO CONTROL PHYSICIANS, HOSPITALS AND PHARMACIES.

How do they propose doing that?


16 posted on 03/22/2010 9:48:47 AM PDT by sodpoodle (Despair - Man's surrender. Laughter - God's redemption.)
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To: DontTreadOnMe2009

A rare boatload of bananas arrived in the Soviet Union.

Stalin’s son rushed to give some to his father.

Stalin peeled one. It was not yet ripe.

Stalin peeled another. It was not yet ripe.

Stalin peeled yet a third one. It was not yet ripe.

He began to shout.

Who did this?

Who is sabotaging the Soviet Union?

What is the name of the ship? Who is the captain?

Get me his name!!! Heads must roll! (over a few bananas)

And all the little flunkies began scurrying around the dacha looking for phones to call and investigate this wrecking of the Soviet Economy (from the book “Stalin”)

Well America,

this is what we now have.

BTW

did you know

that with the breakup of East Germany, there were people who for the first time in their lives could now see and eat a banana???

Reason?

The powers on top, the bureaucrats, had decided there was no need to import such a rarity. No need for the people don below to have them.

In the USA today, they cost about a dime or twenty cents each don’t they?

We now all live under a system, if it continues, where a government flunky will now decide EVERYTHING.

And the Dems in Congress, not knowing or understanding any of this, will smile and look around for something else to wreck. Er, I mean, reform.

We want our reform now!!!!!!!

i.e. you got it we want it let’s go get it.

BTW, the great Alexandr Solzhenitsyn went to Siberia for 12 years for a joke he wrote about Stalin, in a private letter, during WW II. While an artillery captain. Stalin hated joke writers more than he wanted soldiers while fighting for his country’s survival. Think about it

Keep well, stay safe everyone.

May God bless all my fellow FReepers cuz it is sure as hell that the Democrats won’t.


17 posted on 03/22/2010 9:49:29 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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Bookmarking THAT description. Maybe that’s something my lib friends will understand.


18 posted on 03/22/2010 9:53:04 AM PDT by A_perfect_lady (I miss having a First LADY.)
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To: Trod Upon

“I predict a vast supply of private medical clinics, staffed by former US physicians, cropping up in Mexican border towns. Cuba offers opportunities too, once the old tyrant is out of the world’s misery.”

Already doing that: Dentists and plastic surgeons.


19 posted on 03/22/2010 9:56:26 AM PDT by OregonRancher (Some days, it's not even worth chewing through the restraints)
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To: SeekAndFind

The poll from Friday showing that something like 46% of US physicians would quit rather than practice under CommieCare is a perfect example of supply being reduced as the amount offered for that supply is reduced.

Will Dumb0 do like France and start importing “doctors” from Africa in order to replace the American doctors who will quit (or who will decide not to enter in the first place?)


20 posted on 03/22/2010 9:58:40 AM PDT by PhilosopherStone1000
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