Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Breaking News
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • The Final Richard C. Young’s Intelligence Report
  • Home
  • The American Conservative
  • The Swiss Way
  • Investing
  • Cato Institute
  • Dick Young
  • Debbie Young
  • Why We’re Different
  • About Us
    • Contributors
    • Why We’re Different
  • Key West
  • Paris
  • Liberty & Freedom Map
  • Weapons Systems
  • Your Survival Guy
  • Your Health
  • Justin Logan

Terminal Stage IV Cancer in our Health Care System?

March 29, 2017 By Debbie Young

Among the noise heard about the huge defeat suffered by President Trump, Paul Ryan and the GOP, Francis Menton gives his perspective: “Third party pay for health care, whether it be government pay (Medicare, Medicaid), or near-universal insurance-company pay for ordinary and routine expenses, or a combination of both, cannot work for the long pull.”

There is no getting around the fact that medical spending has become a tremendous drag on the incomes of the middle class.  If you want to find the one main reason why middle class incomes do not go up, and why middle class families are angry at their inability to get ahead, this is it.

Third party pay for health care, whether it be government pay (Medicare, Medicaid), or near-universal insurance-company pay for ordinary and routine expenses, or a combination of both, cannot work for the long pull.  Unfortunately, like it or not, scarcity is the essential unavoidable condition of human existence.  No-questions-asked third party pay for healthcare ignores the fundamental grinding reality of scarcity.  We pretend that healthcare can be demanded and consumed in whatever infinite amounts somebody might want, without downside.  It’s the usual illusion of socialism, seemingly confined to one small area of the economy; so, really, how much destruction can it wreak?  Unfortunately, the amount of destruction it can wreak is vast, and may only have begun.”

There will be no real growth of middle class income in the U.S. until states take on the issue of health care reform and return the individual responsibility for low dollar health expenses to consumers. Those states that accept this responsibility will see a clear competitive advantage over those states that indulge in the socialist illusion of no cost-conscience from consumers in the medical arena.

Tomorrow, part II from the Manhattan Contrarian here.

The following two tabs change content below.
  • Bio
  • Latest Posts

Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.

Latest posts by Debbie Young (see all)

  • Elizabeth Warren, a Faux Indian, Challenged by a Real Indian - April 25, 2018
  • Energy Utopia? Windmills with a Side of Rustoleum - April 24, 2018
  • How Barbara Bush Brought Down the House at Wellesley College - April 23, 2018

Related Posts

Our Most Popular Posts

  • Everyone Has Stopped Talking about Bolton. Now It Gets Dangerous.
  • Senate Must Not Confirm Anti-Iran-Deal Pompeo
  • Your Retirement: The Van Life
  • How Barbara Bush Brought Down the House at Wellesley College
  • Survival States: The Best States for Survivalists
  • The Poetic Outing of Sean Hannity Politically Motivated
  • Trump Could “Astonish the World”
  • One Standard for the Public, Another for the FBI?
  • Chris Preble: Empower Mature, Like-Minded States
  • Meet a Long-Time Friend and Advisor: The Stissing, Mountain Man

RSS Youngresearch.com

  • Your Retirement Life: Cost of Living Higher in These States Part I
  • Bonds Break Through 3%
  • The Rise of the Robot Bond Trader?
  • Your Retirement Life: Enjoy Monet like a Rockefeller
  • Billionaire Says Amazon Won’t Enter Drug Business
  • Is Solar and Storage Competitive with Gas Peakers in Minnesota?
  • Is a 30% Correction Coming for US Stocks?
  • $50 Lobster Roll?
  • Can Mnuchin Hammer Out a China Trade Deal?
  • Are Consumer Stocks Problems Fixable?
Rand Paul Disappointing on Pompeo Confirmation Reversal

Rand Paul Disappointing on Pompeo Confirmation Reversal

Elizabeth Warren, a Faux Indian, Challenged by a Real Indian

Elizabeth Warren, a Faux Indian, Challenged by a Real Indian

Your Retirement Life: Cost of Living Higher in These States Part I

Your Retirement Life: Cost of Living Higher in These States Part I

U.S. Navy’s Zumwalt-Class Destroyers Have a New Role

U.S. Navy’s Zumwalt-Class Destroyers Have a New Role

Remembering the Traveling Wilburys – Inside Out

Remembering the Traveling Wilburys – Inside Out

Macron: France wants to work on ‘new deal’ on Iran

Macron: France wants to work on ‘new deal’ on Iran

Copyright © 2018 | Terms & Conditions | About Us | Dick Young | Archives