Obamanopoly: In which the government's tentacles choke health-care?

Professor Regina E. Herzlinger of Harvard Business School published an article entitled "OBAMANOPOLY" in "National Review" August 10, 2009.

"Citing RAND Corporation study that middle and upper income brackets with high deductible policies spent less on health care than those with low deductible policies without negatively affecting their health,she wrote a lengthy essay to that effect.

The proper role of the government in health insurance is to help subsidize those who cannot afford it, to ensure transparency so that folks can shop intelligently, and to prosecute fraud, abuse, and anti-competitive behavior. But the government should not create a state-run market that will limiit competition, inflate cost, and prevent innovation. As in the rest of the economy, the American public should shop for itself."

Query: The behavior of the management in the private sector may be questionable in terms of greed and unethical practices. It is the human behavior in the name of economics involving health care as well. Such scenes may be found in the USA and in China as well re Sino-American Economics of Human Behavior since Economics is a behavioral science.

Comment: Supposing the American consumers are not familiar with the insurance businesses and businesses in the government may be competitive,if feasible. If so,such options would be fine and dandy. Perhaps it is too early to know the complexity or duplicity(double-dealing) of the policies. Let us read the upcoming results as empirical evidence in the days to come.

"The Washington Times "published news about health care debates apropos of AARP endorsing the proposal but is denied by AARP official. Readers should read such controversial coverages. I remember the wisecrack (facetious remark):Read the small print! Or the meaning of the word may be intricate or intriguing!? The readers online may serve as the evaluator to make assessment of Health Care.

Francis Shieh a.k.a. Xie Shihao, a learner trying to find out the truth in Sino-American economics. Professor John Kenneth Galbraith wrote several decades ago:"In economics,the truth is multi-dimensional" re his book entitled: "Almost Everyone's Guide in Economics." A review may be found in the Atlantic Economic Journal, September 1979 issue. Cf. www.Atlantic Economic Journal.com for reference.

Wednesday, August 12, 2009 at 2.46 p.m.