The 6 Pack Economist

Archive for August 21st, 2009

Canadians Healthcare Disaster

by drinker on Aug.21, 2009, under Uncategorized

This article is complete nonsense when it trys to sell the canadian plan as working great because it uses detroit hospitals for the procedures the Onterio Hosipital can not handle.  You can read it all about the failure in this article.

Somehow this article tries to spin this as a good thing for everybody.  Although the people involved in this are better off it actually shows a large problem in the canadian system.  Because the canadian system cannot respond to demand in it’s own system it must outsource the care to the United States.  This is a direct result of government mishandling of the healthcare system and inability because of cost to increase supply.  Proving that Socialized anything only brings shortages and rationing while free markets bring excess supply. 

A quick lesson on markets, I only have time for a sanitized version.  Anytime a product has a demand that outstrips supply the price will rise.  This is a simple thing to understand.  What comes next is the correction of this problem (high cost is a problem to everyone but the guy selling it).  Others seeing the great profit potential get into the market.  Once they enter the market the price of the product will begin to come down as the supply of the product increases.   The increase in suppply will drop the price. 

The only two cures for high prices are increased supply or decreased demand.  All other ways of controlling price are fool hardy.  When it comes to healthcare that means more hospitals, more doctors, and more nurses.  Or decrease demand, which can only go so far as people age.  Although a large supply of guns and liquer can help  (Sarcasm).

3 Comments more...