Why is the government so bad at healthcare? They had worked on it for 75 years and so don't know what they are doing. The care is expensive and the access is okay. It is also made in bureaucracy. It has a lot of waste within the system. Then Obamacare was supposed to fixed all the issues. The sad news is that healthcare didn't get better. Why?
The government is a third party payer. Let say a person will buy something. The person will look at price and quality. A person wants the highest quality with the lowest price. If a person looks for a tablet then only the person buying knows what they want so there a competitive market for the person's money.
The first party purchase is this research then choice. The person paying is the person using.
If someone is paying for someone else. The person buying wants a good price but the quality may not as good. It could be a wedding a gift. A person could say, "By the time it breaks, they will forget who give it to them." This person wanted a good price but will not use the product so it could be lackluster.
We can use something but not going to pay for it. This is called second party purchases.
The person paying is not the person using.
If you are not paying for it or using it then you are not concerned about the price or quality.
Let's say that your boss gives you 200 bucks for a prize. You buy a 8 foot frog for the winner at the party.
And everyone laughs at the prize. This is called a third party purchase.
A purchase with money that's not yours to buy something that you will not use.
All government purchases are third party purchases. The government will spend other people money that they will not consume. The government does not care about the price or quality.
There will always be waste in governmental spending. President Lincoln said, "Government should do only those things that a man can't do better for himself."
If 300 million people in the United States were able to buy health insurance like life insurance, then the companies will offer a little more coverage for a little less cost.
The healthcare field would be working to get people money so the quality would improved and the cost would go down.
The lazer eye surgery used to 2,000 dollars and now it cost 500 dollars. That's the way free enterprise competition works every time.
When the government get involved in the healthcare. Cost goes up and waste and fraud increases.
Some services will be denied or unavailable. This what happens within governmental healthcare programs within this world. When healthcare becomes a first person payer then they will get the healthcare that they want.
https://www.prageru.com/courses/economics/government-cant-fix-healthcare
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