The problem with health insurance and health care [View All]

[Nikia]

When I took an economics class in college, we were discussing pricing and how things are valued differntly and what consumers are willing to exchange for their labor or other goods in terms of widgets and steaks. I said "Well, this all makes sense with steaks and widgets but what about health care. Whether a person has 2 widgets or 100 widgets, he or she is willing to exchange them all for his or her own life. Economics assumes selfishness and ultimately ones own life must be one's ultimate value in this system." He said that I was right but that health care is very complex. That is the problem with health care pricing and why health care costs and health insurance prices can be so high. Who would not pay to save one's own life or one's child's life whether one is extremely poor or has all the money in the world? To offset the possibility of high health care costs, we have health insurance. Health insurance premiums are able to raise prices every year and people will pay them. They say that it is because costs go up, but what other industry has the luxury of being able to raise prices whenever they feel the need. My industry is currently undergoing an increase in the costs of doing business, but prices on our end cannot be raised as much because sales would decrease as people would be unwilling to pay for the price increase. Everyone who can afford it is willing to pay an increase in health insurance because no one wants to be let die.
This is why I support national health care.