I shared my toddler's hospital bill on Twitter

Re:I shared my toddler's hospital bill on Twitter by lstamour on Saturday July 08, 2017 @01:56AM (#14724307)

Who sets the numbers and why, though? How much is profit, how much should be profit, when it comes to human health and rehabilitation whether mental or physical assistance is required? Or, ignoring profit, why take away public funding to programs for poor people just to provide tax breaks to rich folks? How much is a dollar worth to each individual, relatively-speaking? There are few easy answers, except (almost) everybody wants to see costs lower to the levels they are in other countries. Setting price or profit caps and limits is one method, ensuring the system can’t ask for inflated amounts from insurers is another. This could affect quality of service, but then again, it might not. All stores might charge the same price for some brand name item but not all stores offer equal customer service or trained staff... The same is surely true of medical facilities.

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Re:I shared my toddler's hospital bill on Twitter by wyager on Saturday July 08, 2017 @02:43AM (#14724431)

Profit doesn't need to have anything to do with it.

It doesn't make economic sense to spend, as an extreme example, $500M of public money to save one life. If we did whatever medical treatments we could, at whatever cost, we'd go broke as a society very quickly.

Utilitarian optimization places some upper bound on the amount of money we should be willing to spend to save a life. Making people pay for their own care approximates this bound but with more variance.

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Re:I shared my toddler's hospital bill on Twitter by bryanlarsen on Saturday July 08, 2017 @09:36AM (#14725354)

It'd be nice if that upper limit was somewhat consistent.

We spend billions per American life saved on terrorism.

We regularly spend $50M / life on infrastructure; hundreds of millions on an overpass over a dangerous intersection to save a handful of lives.

We regularly force companies to spend well over $10M / life on health & safety regs.

Medicaid costs about $800K / life saved.

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Re:I shared my toddler's hospital bill on Twitter by RcouF1uZ4gsC on Saturday July 08, 2017 @02:36AM (#14724409)

> Just to provide tax breaks to rich folks

Your statement illustrates one of two competing views. The following statements are extremes of the two positions.

1) The government by default owns all your money, and any money you get to keep after taxes is just a tax break.

2) You own your money by default, and the government should not take your money except to provide things that the market is unable to (some examples of which are law enforcement, military).

Those who espouse one of these views, tend to see people who espouse the other as morally wrong and evil.

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Re:I shared my toddler's hospital bill on Twitter by lstamour on Sunday July 09, 2017 @01:38AM (#14728514)

I’ve found most nations settle on: if you’re not making much, keep it. It means more to you. In fact, here’s a few hundred more for sales taxes you might have paid. If you’re making enough to “get by,” we’ll skim off the top and give you tax breaks as incentives. From there it’s a sliding scale up to some cut off. For example: If you’re making more than 3-5x the “getting by,” rate mentioned above, we’ll split it – you keep half, we’ll take half. And again, that’s only on top of other tax breaks, so 50% is an asymptotic upper bound for most people.

I may not like it come tax time, but it makes sense to me. I consider the half I don’t keep another sort of contribution to society. And of course look for ways to minimize it–money doesn’t save itself. But I don’t fight over the concept– I rely on services paid directly from taxpayer money each day. The one thing I would hope for is efficiency– but I don’t think starving and cutting systems inherently improves them. It’s just a shell game.

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