Profit IS good in a free market. Unfortunately healthcare is not a free market. And profit in a forced market , such as a monopoly IS bad.
In the interest of using terminology correctly, I think we should refer to 'profit' as sound-money made by free people in a free society and 'spoils' as fiat-currency made by well connected people in a Fascist State.
Yes, I agree, unlike when excess Profits are made, excess Spoils are not a good sign. The healthcare industry is awash in excess spoils.
AND I see no relevance between healthcare and the definition of a legal contract.
I'm not sure of your point here.
I hope so, if we are able to make it run like all those other countries with "modern universal medical delivery systems".
Putting the word 'modern' and 'universal' in front of medical delivery systems is just adding adjectives.
Healthcare goods and services are never universal - anywhere. Those with good connections will always have access to the best. I know of physicians who regularly scan themselves in ultra-modern fMRI to look for any abnormality. These machines are maxed out - yet they seem to find time; for themselves. I know of physicians who prescribe themselves all sorts of medication, that they most certainly do not need (and I personally think it dangerous, but whatever). People with connections will use those connections. If you knew of a great doctor and your child needed care - you damn well would pull any and every string to get the 'best' care for your child. Not 'universal care' but the 'best of the best' care. This is human nature. It's perfectly normal and if violence isn't used, moral behavior.
What we do not want as a goal is 'Universal' - it doesn't exist. There are only so many fMRI machines. What we want is a free-market because then the poor will get pretty good healthcare, much much better than any 'Universal' healthcare scheme can provide. And healthcare will not be a burden on society. Will the ultra wealthy have access to better stuff? Maybe. They probably have better gaming rigs, smart phones, cars and food options. But the poor, even in semi-free nations like the USSA, have decent pcs, smarts phones, cars and food options. The poor in the USSA live better than the middle class of most of the rest of the world.
Free-markets, with sound money, law, private property rights and NAP will ensure that the fairest possible distribution of limited resources is made to happen.
btw. There is no law says that a health insurance company must be a for profit corporation. The administration of an Insurance system can function quite well in a non-profit mode. Social Security is one example and Medicare seems to function just fine (please spare me the lectures).
This is true. But a company that doesn't make profit will eventually go bankrupt as it spends it capital reserves. It also will have no capital to invest and making a better hospital. Profits are NEEDED as the base capital to maintain and improve quality. If not then you're just barely treading water. ANY misstep and down you go.
50% of the cost of medicine is hidden in the profit made on the administrative end of healthcare, which has nothing to do with providing healthcare at all. It's paperwork, recordkeeping, you know plain old fashioned bookkeeping.
Come on! You don't think this would vanish in a FREE MARKET with fierce competition?!? Of course new ways of doing business would develop, ones that cut the fat in a big way. 50% is a hell of a lot of economizing. Once regulations are removes - hell, 90% of that fat instantly vanishes.
You complain about restrictions and how things are going to pot under a p-rogressive agenda., but the situation we find ourselves in now is not a result from progressive agendas, on the contrary, we are in this mess because we gave the International Trade and Enforcement too much power.
The Federal Reserve was sold to the American people as a means to make society 'equal' through 'science' (ie: Progressive policies). It can't and it didn't. Economics was sold as a hard-Science, when it's anything but. It's a form of psychology - at best. When Americans gave up on freedom and liberty infavor of progressive income tax and redistribution - the seeds were sown. DO you really think Americans believed there'd be a general income tax? Nope. They thought the 'rich' would have to pay 'their fair share' - what they got was the rich using the State to maintain their wealth while the poor have never worked harder for less. It's now normal in many parts of the country to put your infant into daycare from 6 weeks old. These children often ONLY bond with a daycare supervisor, who often leaves for another job - again, and again and again. These children are then told there's something wrong with them and put on anti-depressants with UNKNOWN consequences. While it's hard to see how the Federal Reserve and the State is destroying our society - they are. The 1% used the Fed to bail itself out while the bottom 99% were left with the bill. THAT is the role of the Federal Reserve.
You may think ObamaCare is going to provide you with good affordable healthcare, I promise you this isn't going to happen without a high cost - and probably won't happen WITH a high cost. There is a cost to everything - and it will be paid. Whether it's children never bonding with their parents because they lived their childhood in a day supervision center or an ignorant illiterate school system, the price will be paid one way or another. Australia has one of the best perinatal care health services in the world (maybe the overall best - this is because the State knows it's economical to pay for childcare, in a FREE MARKET this would be the role of insurance companies). Many Australians are working day in and day out for the 'Free' healthcare. The State has cut education to the bone. The Government pretty much sells citizenship outright, as well as assets and land - you'll find the 'throw a prawn on the barbie' is now 'sorry mate I have to drop me kids off at day supervision and get back to the office - see you next year'. Luckily for AU, there's a lot more minerals to sell along with plenty of Asians wanting to buy their way into AU citizenship, or just become landlords and rent to AU kids. I find that to be perverse. Asians who never set foot in AU buy property in AU, become Landlords and rent back to the children of AU - all so the State can give out goodies as it tries to buy off an ignorant populace that thinks goods and services are magically bestowed by the State as it grows them on eucalyptus trees like leaves. AU is no longer the "Lucky Country" - Aussies do NOT have an easy life any longer. And as their manufacturing goes down the gurgler, they'll see the limits of selling off minerals and land for shiny beads.
Eisenhouwer warned against this very situation, the power of the military industry, which is financed (forced) by the taxpayer, IOW, the tax payer does not do the chosing, an small group of people with unimaginable resources does. And that is not this president and his current cabinet and the execution of his constitunional duties, which btw, seem to be turning the economy around, albeit slowly. And now has taken steps to provide health insurance for all permanent residents of the US.
I'm not sure of your point here. The Pentagram wasted $8.5 TRILLION dollars losing two MORE wars due to it's outright incompetence. The Government is totally incompetent in ALL things it does - including adminstrating healthcare or waging war on drugs, Muslims, privacy, etc.... Hell, most Americans think we won WWII. Everyone else would credit the Russians.
It is IMPOSSIBLE to pull back now. Impossible. There is NOTHING ANY politician can do to reduce the role of the State. You can look upon this conversation as academic. Just look at Walker in WI. He asked Public Servants to pay a bit more towards their own pensions and to take a little less. A tiny ask. Why did he ask this? Because if not the State would have to sell more BONDS on the children of WI and THEY'D have to pay for their grandparents bills. This is not fair to those children who did not have a say (or as we like to call it a "VOTE). Talk about hypocrisy in the USSA - Land of the Tax Cattle. Do you have any idea how many death threats his children received?! Oh, those lovely-oh-so-nice Public "Servants" tracked his children down, and sent photos of them to Walker telling him how they'd be murdered - describing how they'd be gutted. Not just a few letters - HUNDREDS of letter were sent to him. His entire family's life was constantly receiving death threats. Including relatives and their children. BUT what was the story we heard? The big bad Koch brothers donated some money towards his campaign. Guess what, I'll take my chances with the Koch brothers - at least with them I can choose not to have anything to do with them. So, there are no politicians that can push back this tide of entitlement. It's done. Over. Nothing to do now but watch as this f*cker sinks.
That's it. There is no other option. Just refuse to have anything to do with the State (as is legally possible) strengthen your community, raise your children peacefully and to think logically and let the State implode in on itself as it sinks into a vomit-pile of it's own State-regulated shit.