Lesson #137 - Health Insurance In Free And Managed Markets - Part 4
- Category: Lessons
- Hits: 2669
User Rating: 0 / 5
WHAT’S IN IT FOR ME
But why? Why is that people fall so easily for the FUHC scam? Simply because they have been brainwashed and at the same time, thinking requires effort. Let’s go to the graphs.
Fig 11
The Green Line symbolizes all the taxes paid by citizens into the FUHC system.
The Blue Linesymbolizes all the taxes and out of pocket money paid by citizens into a private…
Lesson #136 - Health Insurance In Free And Managed Markets - Part 3
- Category: Lessons
- Hits: 2623
User Rating: 5 / 5
CONTROLLED MARKETS - CNT"D
Class Probabilities In Practice - cnt'd
Government-based
Let’s now assume that the FUHC system is not forced upon companies but provided by the government with people paying no premiums. What would the graphs look like now?
Before we jump into the graphs, we need to clarify a few points.
To begin with, what is the meaning of “government provided” health care? The only political system that offered…
Lesson #135 - Health Insurance In Free And Managed Markets - Part 2
- Category: Lessons
- Hits: 2771
User Rating: 0 / 5
FREE MARKETS CONT'D
Case Probabilities in Practice
What happens if a company cannot forecast diseases with sufficient accuracy? Then, they cannot forecast their loses. If they cannot do this, they cannot set premium levels that will provide them with profits. It they cannot do this, then they simply won’t go into business.
Fig 5
The Red Line symbolizes what the company expects to pay out to a customer.
The Green…
Lesson #134 - Health Insurance In Free And Managed Markets - Part 1
- Category: Lessons
- Hits: 2915
User Rating: 0 / 5
This is a universal topic since we are all humans and are all subject to eventual death, with some miserable periods in between. This is a burning question since so many countries either have some sort of national health coverage or are looking at getting it. It is also important for many companies who are trying to provide health care insurance (i.e. serving their customers). It is therefore only fair…
Lesson #102 - The Damage Of Deficits On Private Investments
- Category: Lessons
- Hits: 1682
User Rating: 0 / 5
Our quality of life depends on one and one thing only: products and services. Without them, we might as well go back to caves and hunt and gather. What makes all the difference between us and Neanderthals, is applied technology. If this is so critical, then we have to ask who provides such technology? If we know who does it, then we can make sure they continue to have the…
Lesson #101 - Deficits Debts And Inflation - Part 2
- Category: Lessons
- Hits: 2610
User Rating: 5 / 5
When things get though
Eventually, of course, as revenue must always reach the level of expenses and these always rise, governments borrow more and more. It reaches a point at which they don’t have enough revenue to pay for even the interests of the bonds they sold, much less for the capital.
This is how, through the accumulation and piling up of interests, selling bonds to citizens and countries contributes…
Lesson #100 - Deficits Debts And Inflation - Part 1
- Category: Lessons
- Hits: 2327
User Rating: 5 / 5
This is a lesson that most people in the developed world do not understand, however, their counterparts in the developing world understand all too well. There is a relationship between government deficits, debts and inflation, but it is not a straightforward one. Because of this, it is a good idea to review what we know.
Inflation is always bad, deflation is always good.
To begin with, let’s get one…
Lesson #099 - The Price Of Liberty Is Eternal Vigilance My Ass
- Category: Lessons
- Hits: 1868
User Rating: 0 / 5
Oh man! We are so sick and tired of hearing the same story time and time again. We need to guard against those wishing to take our freedom away. We need to be prepared at all times to fight against oppression. We need to be ready to defend democracy. And so on and so forth. The price of liberty is eternal vigilance my ass!
Allow us to translate this, one…
Lesson #098 - The Sweet Spot Of Taxation
- Category: Lessons
- Hits: 2997
User Rating: 0 / 5
We know that taxes (and borrowing) always rises to match expenditures. In other words, it is naïve to expect a government to commit suicide by lowering expenditures and therefore taxes. The reason is simple, lower expenditure = less votes = loss of jobs for politicians. Therefore politicians are always on the look for the “sweet spot” of taxation, this is, the taxation rate that will enable them to collect the…
