Originally posted by: Genx87
Originally posted by: WhipperSnapper
Originally posted by: Genx87You still havent provided an example of free market healthcare in the world.
I agree with you that the U.S. is an awful example of true free market medicine. Might we properly point to many third world nations that have weak central governments as examples of true free market medicine? Would you agree with me that many African nations have free market medicine? That is to say, if you have the money for medical care, you can purchase it and the government plays no role at all in medical care, neither stealing people's money for it via taxes nor regulating doctors and insurance companies? Might Somalia be a good example?
Under your system of truly free market medicine, what would happen to someone with cancer who misread or misinterpreted his insurance contract prior to purchase, and whom, as the result of a coverage loophole that was buried in boilerplate language in 6 point font on page 209 of the insurance contract, had his insurance policy legally revoked after he was diagnosed with cancer as per the contract?
Should our society leave this person to die? Do we want to live in a society like that? Is it possible that you yourself are potentially that person?
Or, being a smart guy, would you pay a law firm $5000 to hash over your insurance contract first so that you could avoid those types of problems (which would probably also mean that your insurance would be more expensive)? (Since the consequences of missing something in the contract are dire, it seems logical that lawyers might want $5000 to do something like that; after all, they have malpractice premiums to pay.)
What if the lawyer or paralegal who read your contract was having a bad day and missed or misinterpreted the loophole language on page 209 in 6 point font? (Heh heh, the insurance company hired folks at Big Law Firm and paid them $1 million for that piece of text intending that it would fool the small practitioners.)
Would you then sue the lawyer for malpractice? You could do that, but would your cancer put itself on hold until the trial ends? (Since the government would no longer be regulating things under true capitalism, regulation would essentially move to the courts where people would file lawsuits, resulting in clogged up courts and long waiting times for justice.)
What happens if the lawyer didn't have malpractice insurance (under real capitalism no one would be required to have malpractice insurance nor to even be actual, bona-fide licensed lawyers in order to practice law) or if you do receive a favorable judgment but the lawyer's malpractice coverage is shitty and maxes out its coverage at $30,000 or the malpractice insurance company appeals or just plain doesn't have the money to pay for your cancer treatment (if you're still alive at that point, years after your initial diagnosis)?
I have a solution, maybe people could purchase secondary health insurance policies designed to fill in for any loopholes in the primary policies...but what about loopholes in the secondary policies...?
I suspect that the majority of people who say that they want real capitalism would discover that in reality, it isn't a John Galt's Atlantis, but rather, in actual practice, a third world nightmare that would send them screaming back to a mixed economy.
A. You would have to provide a little more information on which African nation represents free market healthcare. Many countries in Africa are anarchy. Others are so poor they simply cant afford anything better and it wouldnt matter if it was govt or privately run. Others live under a strong central govt that squashes economic and personal freedoms.
B. I am not making a case for free market healthcare in this thread. I am simply asking Jokus to provide me an example of a free market healthcare system on this planet that allows him to base his opinion it will lead to waste.
Isn't a free market economy essentially an anarchy? With no Government regulations or involvement, Somalia is as close to a free market as you're going to get!