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Article #620399

Re: free, huh, was Bitcoin confusion?

#620399
From: Mike Spencer
Date: Wed, 14 Feb 2018 20:51
36 lines
3312 bytes
Dave Garland <dave.g...@wizinfo.com> writes:

> On 2/14/2018 6:21 AM, J. Clarke wrote:
>> On Wed, 14 Feb 2018 00:16:45 -0600, Dave Garland
>> <dave.g...@wizinfo.com> wrote:
>> 
>>> On 2/13/2018 8:44 PM, J. Clarke wrote:
> 
>>>> Three stitches and a tetanus shot--$500 from the doctor, I forget what
>>>> for the med, and $2000 "emergency room fee".
>>>>
>>> Yup. Of course, if you'd found the doctor on your own, it would have
>>> been cheaper. But you presumably didn't have the luxury of time to
>>> spend calling around to see who could take you and how much they'd
>>> charge. Some medical problems are like that.
>> 
>> By the time I did that I wouldn't have needed stitches.  When you're
>> bleeding and it won't stop at 2AM making phone calls to doctors is not
>> an effective strategy.
> 
> Which is one reason why the concept of a free market doesn't apply to 
> medical care very well.

Not very well at all.  And one reason of many.  The necessary trust
relationship between patient and physician is contradictory with the
notion of profit.  Kenneth Arrow wrote a good paper on the subject
back in 1963 [1], before so-called health maintenance corporations had
borged medical care, subsuming the relationsips of trust under an
all-encompassing for-profit cloud of calculated greed.


[1] http://public.econ.duke.edu/~hf14/teaching/socialinsurance/readings/Arrow63(2.3).pdf

-- 
Mike Spencer                  Nova Scotia, Canada
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From: Mike Spencer <mds@bogus.nodomain.nowhere>
Newsgroups: alt.folklore.computers
Subject: Re: free, huh, was Bitcoin confusion?
Date: 14 Feb 2018 16:51:06 -0400
Organization: Bridgewater Institute for Advanced Study - Blacksmith Shop
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