Breaking: Right-wing Economist Does Not Understand Difficult Concept of “Insurance.”

You didn’t get the memo?
Insurance = Socialism.

As one of the few Stinquers who actually lives in a place with Socializm Medicizm Healthcare, I think I can speak somewhat about this.

Overhead (aka executive wages and administrative costs) for Canada City HC as a % of the total cost (1999). Less than 8%.

Overhead (aka executive wages and administrative costs) for US America patchwork private HC as a % of the total cost (1999). Around 24%.

From Canada City Propaganda sheet…
http://dsp-psd.pwgsc.gc.ca/Collection-R/LoPBdP/EB-e/prb0461-e.pdf

Single payer means Walmart style Cost REDUCTIONs (ie: beating up suppliers to get a better price) on equipment and drugs.

In this case a monopoly means good things for the owners (taxpayers) and not the service providers (HC insurance and drugcos.)

But what the hell do I know?

Besides CATO is well known to be one of the biggest corporate whore “tink” tanks anyway. Not well respected by libertarians that I’ve read.

@ManchuCandidate:

My view of Right-wing think tanks is that they’re much more “tank” than “think.” So much of the “research” that emanates from them is just laughably disingenuous justifications of failed policy.

When I was a kid, the term “think-tank” troubled me to no end. I pictured an enormous, tank-sized robot sitting down and contemplating its knuckles.

@IanJ: See, I pictured the thinkers sitting around in a big tank of water while they thought. When you consider that most of them look like Kling, it wasn’t a pretty picture.

@Mistress Cynica: I also thought of a big tank, like a water tank, but filled with people thinking, brows furrowed.

@Prommie: I thought of a giant fort that looked like a tank that would shoot people who dared to come near and disturbed the thinking going on inside. A heavily armed fortress of solitude if you will. Made me really want to work for a think tank as a kid.

I’d still like to go there … as long as there is internet access.

@Mistress Cynica: Obviously I read too much scifi as a kid.

As long as health insurance is provided by companies with shareholders, their emphasis will always be cutting costs to maximize dividends. Cutting costs can be translated as paying out as few claims as possible.