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Tchocky · 10-02-13, 06:26 AM

You don't seem to understand what a monopoly is. I'm wondering how basic to be here.

The industry more closely resembles a heavily regulated oligopoly than anything else - but even that isn't quite correct. This is the US healthcare sector I'm talking about.

In the UK you have a monopolistic system, but it isn't a monopoly due to the NHS being a state body. Words and definitions matter.

How can US healthcare be a monopoly when multiple corporations and hospital chains compete for business, multiple health insurance bodies compete for business? You say it's corrupt? You might be right but corruption is not an economic industry structure whereas a monopoly is.

Corruption is bad, a monopoly is also bad but that doesn't make them the same thing!

Prices are high due to a perverse incentive model, a skewed risk pool, and overly lax consumer protections. All of which the ACA at least attempts to address.

Edit - there's a load of stuff I could recommend you read as well. Such as - what's in the law and what it means.

EDIT 2 - For anyone talking about how "the people don't want Obamacare"

NYTimes: Closer Look at Polls Finds Views of Health Law a Bit Less Negative
http://nyti.ms/1aJd4xV

True, it's more unpopular than popular. But that includes people who think it doesn't go far enough. And no poll finds even a plurality in favour of shutting down the government over it.

10-02-13, 06:26 AM	#5
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	You don't seem to understand what a monopoly is. I'm wondering how basic to be here. The industry more closely resembles a heavily regulated oligopoly than anything else - but even that isn't quite correct. This is the US healthcare sector I'm talking about. In the UK you have a monopolistic system, but it isn't a monopoly due to the NHS being a state body. Words and definitions matter. How can US healthcare be a monopoly when multiple corporations and hospital chains compete for business, multiple health insurance bodies compete for business? You say it's corrupt? You might be right but corruption is not an economic industry structure whereas a monopoly is. Corruption is bad, a monopoly is also bad but that doesn't make them the same thing! Prices are high due to a perverse incentive model, a skewed risk pool, and overly lax consumer protections. All of which the ACA at least attempts to address. Edit - there's a load of stuff I could recommend you read as well. Such as - what's in the law and what it means. EDIT 2 - For anyone talking about how "the people don't want Obamacare" NYTimes: Closer Look at Polls Finds Views of Health Law a Bit Less Negative http://nyti.ms/1aJd4xV True, it's more unpopular than popular. But that includes people who think it doesn't go far enough. And no poll finds even a plurality in favour of shutting down the government over it. __________________ [SIGPIC][/SIGPIC]