Friday, April 15, 2011

The words of babes . . . or Congressmen - Why Paul Ryan thinks competition will save the federal budget

I'll give Paul Ryan this - when it come to the free market, he is a true believer that competition is ALWAYS best, even when it doesn't achieve the best societal end or the most efficient process (Emphasis mine):

SIEGEL: Congressman Ryan, critics of your idea say that the cost of insurance for members of Congress has actually gone up faster with the element of choice than the cost of Medicare has. Well, why would you - if it turned out that indeed the government-run program was more cost-efficient, would you favor it, or is it in fact an ideological preference for the market even if the market is less efficient?

Rep. RYAN: The point I'm trying to make - and there is a difference of just, I think, philosophy here or of what works best - we don't believe surrendering more of the health care system over to government is an effective solution to lowering health care costs. It simply results in rationing, in price controlling. So, we do believe that the current health care system is broken and needs to be fixed.

SIEGEL: So, even - but you're saying, even if the Medicare system were to be comparably more efficient in controlling cost, the way in which it's arriving at that, you say the...

Rep. RYAN: It's competition.

SIEGEL: ...the government way - if it's not competitive, you'd prefer what might be conceivably a more expensive system if it involves free market competition.

Rep. RYAN: Actually, no, we don't believe that at all. We believe that it will be a less expensive system. But believe you me, we need to do more in the health care system to get the consumer more power in the health care system so that the patient and their doctor have the real power in the health care system so that all providers - health insurance companies, doctors, hospitals - have to compete against each other for the health insurance beneficiary's business.

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