How about, for fun, we try something slightly different this time? I'm going to try to do this quickly, let me know if and where, a mistake was made (this is going back a LONG time - but, you'll get the point here in a minute)
The point is that the drive for profit negatively impacts paitents well being and still lying about there not being a free market. I guess you just like people dying in exchange for poor goods and services. its the capitalists dream
1) You have not provided proof that "
The drive for profit negatively impacts paitents well being" occurs in free-market. We should probably define a free-market. A free-market is not a 'free-for-all'. It isn't one where there is no Law (barbarism). It's were any person is FREE to offer goods and services to any other else. Thus, in a free-market a person could act as a doctor, providing a service, without the need of a medical certification. Of course, if you lied and said you were certified, that would be against the law and not be allowed to legally occur in a free-market. A free-market also does not use the State regulate the market. This doesn't mean that the free-market is unregulated. It means that private groups of individuals collectively regulate themselves privately. An example of the free market could be this conversation. We are interacting voluntarily. Yet, there are rules to this website and we agree to abide by arbitration when entering a thread. No need of the State in this case. We're all *GASP* adults and can *GASP* manage to organize ourselves without *GASP* using the threat of a gun in one another's face.
2) So, let's go back to this statement, as I'd like to hear some other people comment on it: "
The drive for profit negatively impacts patients well being occurs in free-market.
Our goal, is to determine if this is a logical statement or sophistry (as I suspect it is).
Major premise: All businesses driven to create a profit, negatively-impact their customers well being. [All profit-making-
Businesses are
Dodgy.]
Minor premise: All hospitals are part of the healthcare industry. [All
Hospitals are
Businesses.]
Conclusion: All hospitals, negatively-impact their customers well being. [All
Hospitals are
Dodgy].
Major premise: All B are D. (MaP)
Minor premise: All H are B. (SaM)
Conclusion: All H are D. (SaP)
So we all agree thus far? Is there some glaring error that's been made?
OK, I submit that the argument is unsound as the major premise is falsified. The fact is there are numerous of profit-driven business (examples: Apple, Toyota, Starbucks) that provide customers with products that do not negatively impact them as evidenced by the fact these businesses ARE STILL IN BUSINESS.
I would further argue that in a free-market (of which we do not live in) the evidence clearly shows that unregulated voluntary choice of trade ensures that companies that provide a product unwanted by the market will cease to offer said product to the market - even if sold at a PROFIT LOSS (see: Zune). And, let's stop and think about the function of profit for a minute. If a company sells a product at a loss, in a capitalistic market, it will eventually go bankrupt. That IS one of the roles of profit. In a free-market, any hospital attempting to sell a product (healthcare) to a customer (patient) that is not desired by the public, will lose money to competitors (not make a profit), and eventually go bankrupt, and be purchased by those competitors. The fact is, people don't lend or invest 100s of millions of dollars in a hospital that is (a) going to go bankrupt because (b) no one wants their services. Thus, the hospital must
BOTH make a profit AS WELL AS provide a valued service to the market.
Free-market capitalism, with law, sound-money, and private property rights is the most efficient means of clearing the market of hospitals that only attempt to do one and not the other. That is, to either ONLY make a profit or ONLY provide the best service. By having competition a sustainable balance is achieved. Which is why, when the central bank through funny money printing or artificially manipulating interest rates (price of money) or the government through gun-in-your-face regulation skews the market, profit can no longer signal to a free-market and we end up with overly priced, crappy healthcare. You may think ObamaCare is solving the problem - but it's doing exactly the opposite. And, while it would be nice to have the bestest service with endless goodies, in the 'real' world - there actually are a limited number of goods and services, which is why, to be sustainable, businesses need to make profit - including hospitals. I know this last point must bunch the panties of progressives who live in a world of endless supply, but, this is a fact. The environment itself is limited (if you like, you could think: there is only so many carbon atoms).
There is no such thing as TBTF in free-market capitalism, we don't live in a free market and we do not use sound-money. By turning to the very thing that's causing this mess, to fix this mess - we will have a bigger mess. In this case, it's the babyboomers doing exactly what they've always done. Taking from their children and giving to themselves. THEY are the benefactors of ObamaCare because they were able to live their lives, with good insurance and paying out of pocket when minor injuries occur. Now that they are entering a time in their lives where each and every one of them may consume over a MILLION dollars in disease-care (Heart attacks cost a lot of money - and unlike in the past, we're pretty good and fixing people, thus, they can occur many multiple of times. Adults with sever dementia can live for decades - that's very expensive.). ObamaCare is the Babyboomers doing what they do best - as we will come to see.