Obama: Small Buisnesses and Health Care; McCain Stunned

McCain Looks like a deer caught in headlights when Obama explains his small business plan for health care.
rgroom1says...

and that happened

market forces will fix the health insurance problem in a matter of a couple of years. Weaning people off of provided insurance and having them shop for their own is not a bad thing. Opening up a market that has been, maybe to a majority, supplanted by tax dollars will allow supply and demand to take over, and with more privatized health care, prices will fall. it takes time, but that's econ 101.
I would be in a tax bracket that would end up not paying taxes, and this (obama's plan) still makes me angry. why can't Washington (bipartisan) see that constant meddling has not helped?

Oatmealsays...

Privatized healthcare is a terrible idea altogether. It sets up a system of profiting on peoples ailments and sicknesses. How would the price of healthcare go down? Its not a supply and demand issue, healthcare is always in demand, no matter what the supply. Unless the nation as a whole grows healthier, but under privatized medicine, there is absolutely no incentive for that to happen. No buisness likes to see profits dissapear, and thats why healthcare should not be a buisness.

rgroom1says...

What will happen to the money that a company gains from not having to pay health care? most likely, it will be distributed in the form of wages to the people who had it. with a large portion of the base leaving the market, insurance companies will have to entice them back. Individually, consumers are likely to be willing to spend less on their health care, lowering prices. Then, to regain profits that were lost from having to offer lower health insurance premiums, they will offer lower still insurance (assuming that people are more often healthy than sick). People with higher income will probably have higher premiums, and everything will be paid for by the collective. Healthcare is not a commodity, but it is definitely not a common pool resource.
p.s.
We love a good fiery comment thread, but sometimes they go overboard. Please avoid personal attacks. It's okay to criticize ideas but refrain personal insults. Please avoid blatantly racist speech, threats, or other verbal abuse. This goes for comments in public arenas as well as private member profile comments. If a comment is bad enough it will probably be deleted due to negative feedback. If these types of comments are regular occurrences, we will probably ask you to leave the community.
-videosift admins
Don't downvote unless you feel i have violated the above.
If you feel i have not, but still feel the need to down vote, then you are, in practice, censoring my opinion. Since I submit to a libertarian school of thought, that doesn't fly...

alizarinsays...

>> ^rgroom1:
and that happened
market forces will fix the health insurance problem in a matter of a couple of years. Weaning people off of provided insurance and having them shop for their own is not a bad thing. Opening up a market that has been, maybe to a majority, supplanted by tax dollars will allow supply and demand to take over, and with more privatized health care, prices will fall. it takes time, but that's econ 101.
I would be in a tax bracket that would end up not paying taxes, and this (obama's plan) still makes me angry. why can't Washington (bipartisan) see that constant meddling has not helped?



Market forces will not fix health insurance. Insurance companies make money by charging premiums to people who are unlikely to get sick, dumping or having rediculous rates for people who get sick (or old), turning the screws on medical providers so those providers have to charge more to people without insurance who do get sick (or old) to make up the losses. Market forces work when it's business vs. business (rewarding efficiency via competition) NOT when it's business against people because only one side has the power - government is supposed to fix that by having we the people assert our power - market forces are supposed to make life better in the end for people, not businesses. The Wall Street Journal article is just allot of hot air - the very rich (none of us) have gotten allot richer over the past 10 years and they're pissy that they're getting called on it.

rgroom1says...

>> ^alizarin:
>> ^rgroom1:
Market forces work when it's business vs. business (rewarding efficiency via competition) NOT when it's business against people because only one side has the power - government is supposed to fix that by having we the people assert our power


Econ 102-
As long as there are profits to be made in a competitive market, new firms will enter. This will continue until there is no economic profit(at which point firms begin to exit the market).
There is a competitive market for insurance, but because the government is intervening with a highly competitive price of ZERO that is not hard to get to, those who don't qualify for this are stuck with what is now called high premiums.
This compounds with the higher tax rates to feed this system, reducing buying power, and hurting the market further by making commodities harder to get.

Crosswordssays...

It'd be nice if those economy 101 theories actually played out like that in the real world but they don't. What you're talking about is trickle down economics, here's something I learned a long time ago, the rich do not allow things to trickle down, that's why they're rich. The market forces haven't done anything good for the housing or the stock market for that matter. Those in charge of the big companies have over valued stocks, company performance, and in the housing market the ability for people with bad credit to pay off a loan.

The people who set those polices don't care, they made a boat load of money and by the time the music stops and someone has taken away all the chairs it's already someone else's problem.

HadouKen24says...

I LOL'd at that point in the debate. It was like a bad television infomercial.

"But it's really expensive, right?!"

"No! It's only $9.95!"

"$9.95?!?"

the rich do not allow things to trickle down, that's why they're rich.

QFT.

Over the last eight years, "trickle down economics" was supposed to help out the average American worker, but instead CEO salaries skyrocketed. The rich have been leveraging their economic advantage to acquire an even greater percentage of the wealth of this country. This has occurred at the expense of the poor, the working class, and the middle class.

Send this Article to a Friend



Separate multiple emails with a comma (,); limit 5 recipients






Your email has been sent successfully!

Manage this Video in Your Playlists




notify when someone comments
X

This website uses cookies.

This website uses cookies to improve user experience. By using this website you consent to all cookies in accordance with our Privacy Policy.

I agree
  
Learn More