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Video: Jon Stewart and John Oliver Confront Hawaiian Socialism

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Mosh2/12/2010 1:20:07 pm PST

re: #40 jamesfirecat

Let me throw up a counter point.

Supply and demand work best when the price of something has a natural ceiling.

People will say “no that gas costs too much I’d rather ride a bike/walk/take public transportation.”

In this case its “no that medicine costs too much, I would rather die” that’s no a phrase you can expect to hear very often. Of course more often you see people forgoing the kind of screening they should be getting to make sure they’re healthy, so they end up making that same decision without realizing it.

How can the market put an accurate price on someone’s health and well being?

Prices differ from costs. Prices are just a number, cost is the actual amount it takes to produce a good or service. Yes, you can put a cost on someone’s health. You can try and cut the cost with a price control law put that extra cost will be placed elsewhere. Either in more expensive services, higher taxes, hidden fees, you name it.