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Health care solutions in supply and demand

Please forgive me, but I am just a simple sales guy with an economics and philosophy degree that is more than a decade old. Furthermore, it can be easily documented that those formative years were spent less on educational growth and more on brain

By staff Writer | Updated on April 16, 2008

Please forgive me, but I am just a simple sales guy with an economics and philosophy degree that is more than a decade old. Furthermore, it can be easily documented that those formative years were spent less on educational growth and more on brain cell destruction.

Regardless, the current health care conversation is leaving me a tad perplexed. Here we all are complaining about the high cost of insurance, and by inference, the high cost of care, and what are the solutions proposed to address said issues? Practically all demand oriented solutions. What I mean is solutions oriented with reducing demand in order to lower price (anyone who has ever taken economics knows that there are fundamentally three ways to lower costs: 1) reduce demand, 2) increase supply, or 3) a combination of the two). The demand solutions include the capitalist’s consumer-driven health plans that discourage wasteful utilization, and the socialist’s nationalized health care programs that dictate that demand “go away” by decree of the government.

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