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	<title>Razornomics &#187; lobbyists</title>
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	<description>On The Cutting Edge</description>
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		<title>Wealthcare: without the “we”</title>
		<link>http://www.razornomics.com/wealthcare-without-the-%e2%80%9cwe%e2%80%9d/</link>
		<comments>http://www.razornomics.com/wealthcare-without-the-%e2%80%9cwe%e2%80%9d/#comments</comments>
		<pubDate>Fri, 26 Mar 2010 02:30:33 +0000</pubDate>
		<dc:creator>Dennis</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Health Care]]></category>
		<category><![CDATA[lobbyists]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[the inevitable demise of the American polity]]></category>

		<guid isPermaLink="false">http://www.razornomics.com/?p=200</guid>
		<description><![CDATA[The debate over a reformed  health care system is perplexing to me.  Instead of paying attention  in Property class today, I was thinking about what the new law really  did.  What did ...]]></description>
			<content:encoded><![CDATA[<p><span style="font-family: Times New Roman; font-size: small;">The debate over a reformed  health care system is perplexing to me.  Instead of paying attention  in Property class today, I was thinking about what the new law really  did.  <em>What did it change? </em></span></p>
<p><span style="font-family: Times New Roman; font-size: small;">The answer is <strong>not much. </strong></span></p>
<p><span style="font-family: Times New Roman; font-size: small;">It did not end the  government-sanctioned  monopoly that the health insurance industry enjoys (and the MLB, those  bastards).  It did not take significant power away from insurance  companies (it could be argued that this law actually BENEFITS the  industry  by forcing people to buy insurance).  It did not create a government  run health care program, separate from the private sphere.</span></p>
<p><span style="font-family: Times New Roman; font-size: small;">It DID “give” (make people  buy) health insurance.  It DID impose new regulations on insurance  companies that were viewed as “ruthless” (pre-existing conditions,  age limits, etc.).  But these old practices, now outlawed, were  just good business practices for a profit maximizer, but really really  bad for the public in general.  That&#8217;s what the government&#8217;s regulatory  role is: to reap the benefits of the free market, and outlaw the ugly  tendencies of capitalism.  (It should be noted we DON&#8217;T know what  the free market would do with these bad practices in this case, since  this is a oligopolistic structure).  It should be noted that financial  regulation is a great analog here:  if activity is lucrative AND  legal, but harms the public at large, it will be widespread (re:  financial  meltdown).</span></p>
<p><span style="font-family: Times New Roman; font-size: small;">Why is policymaking so impotent   to solve major problems?</span></p>
<p><span style="font-family: Times New Roman; font-size: small;">The United States Congress  is overrun with lobbyists and special interests.  Health care was  watered down significantly to pacify Congress&#8217;s corporate overlords,  and financial reform is toothless.  Again, very simple:  the  political system has evolved to require candidates to fundraise with  the help of corporate sponsors.  With the new SCOTUS ruling (Citizens  v United), corporate speech is more powerful than ever.  Political  influence is a zero sum game, the more profit maximizers have, the less  the general public has.  Politicians are supposed to be looking  out for the public good, not maximizing profits&#8230;.</span></p>
<div id="attachment_201" class="wp-caption aligncenter" style="width: 210px"><a href="http://www.razornomics.com/wp-content/uploads/2010/03/n161849698766_5837.jpg"><img class="aligncenter size-full wp-image-203" title="n161849698766_5837" src="http://www.razornomics.com/wp-content/uploads/2010/03/n161849698766_5837.jpg" alt="" width="200" height="200" /></a><p class="wp-caption-text">steeeeerike.</p></div>


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