Interesting.  How did it feel at your last doctors visit?  For the past forty years, health care costs have been grossly outstripping the inflation rate.  Some years the health care cost rate has been more than triple the inflation rate.  When one compounds that, over a decade, through the simple compounding of interest, we can get our asses kicked by medical costs.

Yet, at every political convention, Republican and Democrat, we never hear the three little letters that essentially dictate this hideous rip off in health care costs.   What are those three little letters, you ask?

………………………………………………………………………..AMA.      That’s right, the American Medical Association, or as I put it,  Satan’s Labor union.  These bastards essentially dictate the following economic parameters in health care:  1) Who gets into medical school  2) How many medical schools there will be, now and in the future.  3) What the parameters are for entrance into Medical School.  4) How many new Medical students will be accepted.  5) What the makeup will be, numerically,  of what fields of speciality.  

In essence, these sons of bitches dictate the entire Supply curve in the Supply/Demand curve analysis.  We will show this later, simple Economics 101.  Artificially restricted supply means reduced number of  doctors, at a heavily inflated price of the labor fee (i.e.  the Doctor’s bill).  Fewer doctors means patients going untreated or poorly treated.  

Having the supply of doctors artificially low means you have the situation, which has existed for years, where young interns work 120 hours per week, and guess what?  They make a shit load of mistakes.  Wouldn’t you if you were up 60 hours straight!!  This situation is obvious, and it sucks.  Any first year Economics student can see it, as well as the young doctors who go through this shit.  Yet, we never hear ofthe AMA or the AHA (the Hospital counterpart) stinking up the economic equilibrium.  Why? 

Because they own the politicians of both parties.  They give millions and millions to their political hacks at the State and Federal level.   A few years ago, when some elected officials were starting to beat the drums of investigating this load of bullshit, guess what happened?  The AMA voted to pursue unionizing doctors.   This scared the hell out of the pusillanimous politicians, and we are back to square one.  

When you bend over at the doctor’s office,  you are really bending over.  How did it feel? 

 More on this later.