Tuesday, September 1, 2009
Insurance Makes Healthcare Far More Expensive
John Stossel talks about health insurance with Whole Foods founder, John Mackey and Health Insurance lobby spokesperson, Michael Tuffin
When someone else pays (i.e. the government or insurance company) then you don't care what procedures cost... so of course costs rise. There is no market force to prevent them from rising.
The same thing happened to housing and education. When government started giving out easy loans and grants the prices went up and up.
Grocery insurance... WOW what a concept!.. I'll have Sirloin tonight...
(H/T Leann S.)