Healthcare Monstrosity 1⧸3： Sasan Sadat Presents The Economic Problems With Real Solutions [67a3kvgODbw]

00:00 A discussion I began last week in which I set out to give some solid economic reasons why this latest health care bill will be a complete disaster. What I stuck to was the facts, what I stuck to was solid basically mathematics and so far i've gotten some pretty good feedback from across the political spectrum One thing I do want to mention though, I did come under attack from some individuals for that presentation. I was called a liar because i said that you'll be fined if you don't buy health insurance! Somebody came out and said, I'm a liar, I made it up, I'm the same as Sean Hannity and Bill O'Reilly and every other right-winger ever heard of. Of course not, I am NOT a right winger, I'm a libertarian.

00:49 I didn't get this information from right-wing websites or conspiracy websites. I went to established news sources like Reuters and that's where i actually got in black and white that there will be fines if you do not buy health care. This is Reuters, I'm not making this stuff up." Of course when I pointed this out to this individual what do you think they did? They didn't apologize to me, they didn't admit that they were wrong all of a sudden oh well you may not be a liar but you shouldn't complain about it! It's no big deal and your going to be fine just go ahead an pay the fine. You know they'll call you a liar until they can't call you a liar anymore then say who cares

01:31 I thought that was very disingenuous but the good news was, I only saw that once. The source i used for my presentation was a source that was pro-healthcare bill it was a source that was pretty obvious in the language they used that they were for this bill So im not making this stuff up Im no taking things out of context This is hard fact Now I promised you last week That I would provide solutions to some of the health care problems because let's face it, uh... healthcare is pretty messed up right now and like I said last week i'm not here to defend the status quo. Healthcare is ridiculously expensive but what I said last week was and I still say the same thing this week The bill that passed that supposedly fixes this issue makes a lot worse in fact because

02:26 this bill violates economics so egregiously, the laws of economics. Your premiums are going to go through the roof! Your premiums are going to raise whether the government planners want it too or not and I went through probably about what eight or nine different reasons why your premiums will raise you know everything from not being able to be denied existing conditions to having to cover regular checkups your premiums will raise And I also went over how the media will respond. when your premiums eventually do raise because they will in two to three years time, your premium increases are going to accelerate at such a level that there will be a public outcry to do something about it. You think it's bad now? It will be worse and the future and once again has nothing to do with what the government plans to do. It has everything to do with what they cannot control and what they cannot control is laws of economics these prices will get higher

03:26 When these prices do get higher, and they will this bill will not be blamed. If you turn on any mainstream news report they will not point to this legislation as the source of the rate increases They won't! They'll say the same thing they always do when prices spiral out control. They'll blame the free market Even though there isn't a free market, they'll blame it anyway. They'll act as if it actually exists and they will blame that! They will say corporations are out of control It's greed, its freedom we need to take freedom away That will happen What the government will do, and Jeff you brought this up last week. One of the things they're going to do when prices start to spiral out of control is probably reintroduce a public option as another option on table. They'll say well obviously the market couldn't handle it on its own there's too much greed so we're gonna have to bring in this government option that's not the only thing they are going to do Probably the worst thing their going to do is something called price controls When the price gets to a certain level

04:29 the government's going to step in and say, to insurers, health providers you are not allowed to charge above this certain level. They'll just set a particular price that they may not charge above and when that happens as it always happens after price controls you will have shortages You will have a shortage of the product being offered And there is very simple reason for that People assume very foolishly I might add, that companies can afford to lower their prices they just choose not to out of greed. They choose not to because they want more profits and some other time thats true

05:13 If some of the time a company can afford to lower its prices, it just chooses not to because it can get away with it. But most of the time that's not true! Most of the time a company is offering the lowest price that is basically allowed by the market-the lowest price they could get away with and still turn a decent profit margin So when you implement price controls, when you tell these companies that you can't charge above this amount the vast majority of them will no longer be able to make ends meet. You know all the sudden the amount of expenditures they have is going to exceed the amount of income they have in other words are going to go into debt and they're going to declare bankruptcy maybe a handful companies out there...the most powerful companies would be able to handle

05:59 these price controls. Maybe the most powerful corrupt out of all them could handle the price controls, but the vast majority of them cannot! They go bankrupt they got a business and then you're left with just a handful of health care providers. Let me add something to that uh... actually society even even right now there's not a for real free market and health and that's right because of the you've got medicare medicaid and that in itself distorts the freedom i'd say absolutely right is the fact that their subsidies like medicare and medicaid onto the market is at that that right there is one of many reasons by government intervention raises the prices are high everybody else's healthcare that's it very good point any him once again there isn't no

06:42 free market in medical care. It doesn't exist, it's a fable and I know that the scapegoat whenever you turn on the news is that all these companies had their chance and they had their freedom but they screwed up there is no freedom in the medical care industry There hasn't been since the 1850s so I wish this myth would just go away people talk about as if its true some people assume it's true There is no free market in medical care, it doesn't exists So back to the price controls. Most companies will not be able to handle these price controls, a very few will have the deep pockets that handle it most will not go out of business and when that happens you only have a handful of companies trying to provide service to everybody and when that happens there's no way that these people can serve everybody! There is no way that this handful of companies left

07:41 will be able to react to all the demand that's out there. And when that happens, you will have shortages. There will not be enough service and there'll be way too much demand for that service. You will have shortages just the way it is. So what can you expect from shortages? You can take a look at some of the other countries where they've had these sorts of problems. You can expect very long lines to get medical care, you expect wait lists over weeks or months to get basic care. Some countries actually force you to join the lottery system if you want to get your own family doctor. The town actually draws from a lottery and whoever wins the lottery gets to have medical care Of course another problem it's not just about wait lines now doctors will be much more overworked than they are

08:34 You know, you'll have lots and lots of patients but very few doctors. These doctors will not be paid enough they will be worked to death so as a result them being work to death they won't be able to give you the care and attention that you deserve as a patient which means quality will suffer as well So we have a lot of disastrous things to look forward too as a result of these shortages And once again once the shortage has happened as a result of what the government did, once again the shortages...the price controls will not be blamed. In other words the actual culprit will not be blamed! That's always that's pretty much an ivory issue Once again they will blame the free market even though there is no free market they will blame the free market. They'll say it was greed it was companies trying to protect their bottom line that did it so and of course after awhile everything will be forgotten we all forget

09:29 what it was like to have at least some sort of freedom when it came to medical care after a while. I'm careful to steer clear away from some the Republican talking points because the Republicans are focused on scaring the crap out of people as far as inducing sort of paranoia they want people be paranoid about government takeover in their lives and they're right about that But I don't need to engage in those tactics to get my point across. endless infinite wars in iraq and afghanistan that's their big the big deal so let's you confuse me with a republican yes i'm against the health care bill that doesn't mean i'm republican absolutely not on my guess the wars in afghanistan in iraq yeah you know i i'm against this uh... this border or which they love so much time against it is more than they love so much about those are all republicans as well so what do you think that i am a conservative or republican and ill think again

10:30 I don't fall for that crap and i know you're used to hearing all the conspiracy theories and the scare stories about what's going to happen or what the medical bill is for, or what the intent of the bill is