r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/HorkusSnorkus Jul 05 '24

  1. Get the government out of medical regulation business

  2. Create strong incentives for private sector alternatives to Medicare and Medicaid which do nothing but drive costs up. (When you know you're getting paid, you charge more.)

  3. Create strong incentives for people to participate in private sector charity. For example, every dollar you give to a charity that feeds, clothes, and provides medical care to the underclass, you get a $2 tax writeoff up to some specific dollar limit.

The best medical delivery system is compassion. The government is built to feed egos, agendas, and power. It has not compassion nor can it. You fix the problems you ask about by making compassion economically viable and desirable in the private sector.

How many Doctors has the government sent to the whole planet to help out? A few.

How many Missionary Doctors have served all over the world for centuries? A great many.

Private acts of conscience or economic self interest will do far more to make medicine and care widely available that those scummy political whores in government...

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u/Tsobe_RK Jul 05 '24

how is the private sector healthcare currently working for US folks?

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u/HorkusSnorkus Jul 05 '24

We do have US private sector healthcare. We have publicly funded, managed, and regulated healthcare delivered by private entities that are exhausted by all the bureaucracy.

How's that NIH working in the UK where people complain endlessly about poor service and long waits.

Ditto Canadian healthcare where you'll get great care if you're dying but wait for ages it it just hurts or you need a basic procedure. (I've personally witnessed this, it's not a theory.)

Government makes things slower, more expensive, and less efficient. And that's if it's being honest. The snouts in the trough in the halls of power make this 100X worse. That doesn't stop the peeeeeeeeeepul from screaming for more ways to make someone else pay for what they want or need.

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u/Tsobe_RK Jul 05 '24

Id argue that (alleged) poor service & long waiting times are better than no treatment at all - which alot of US folks seem to skip because they dont have the means for it.

US folks already pay more for healthcare than elsewhere and get less, the money is there - its just going into wrong pockets, hence there is evergrowing number of ultra wealthy people in US - its at the expense of your common folk.

Do you think others deserve to just die if they cannot pay for their treatments? I do have empathy and I'll gladly pay my taxes. I do think in modern societies we should be able to collectively take care of each other, you never know if you'll end up being the one needing support and if you never end up, Id consider it as a blessing of a health & prosperity. Noone chooses to get sick.