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re: CBO: Obamacare will have lower premiums, insure more, and cost government less

Posted on 4/14/14 at 7:12 pm to
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28897 posts
Posted on 4/14/14 at 7:12 pm to
quote:

So you are of the opinion that the fundamental laws of Supply and Demand aren't valid?
What are you babbling about. This has nothing to do with supply and demand.

quote:

As the pool gets bigger and more healthy people are brought into it the costs will subside
No they will not. Healthcare cost have not subsided in Japan, or France, or England, or the Netherlands. The cost of healthcare will continue to rise. The individual policy holders will be expected to share more of the cost to keep premiums in check.
Posted by Flame Salamander
Texas Gulf - Clear Lake
Member since Jan 2012
3044 posts
Posted on 4/14/14 at 7:38 pm to
quote:

quote:So you are of the opinion that the fundamental laws of Supply and Demand aren't valid? What are you babbling about. This has nothing to do with supply and demand. quote: As the pool gets bigger and more healthy people are brought into it the costs will subsideNo they will not. Healthcare cost have not subsided in Japan, or France, or England, or the Netherlands. The cost of healthcare will continue to rise. The individual policy holders will be expected to share more of the cost to keep premiums in check.


Wow! Only here can someone argue for economic principles and then deny that they are arguing for it. I'm assuming that you have no idea how the world works. Have you had college Econ?

Healthcare is a commodity...just like any other widget. As the economy of scale increases the costs per unit decrease.

The Health pools thus far created by Obamacare are preponderously populated by the "unhealthy"...those that couldn't get healthcare under the prior system in place...they cost more. As the health pools get larger and with more healthy people the costs per unit will go down from what they are now. Our HMO's use this currently. This is basic Supply & Demand principles in action.
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