Bush on The Marketplace, Oil, Healthcare, and Cost Cutting
by Scott Shields, Wed Feb 01, 2006 at 06:00:47 PM EST
Some days, the President actually makes my brain hurt. I'm not talking simple headache here. I'm talking full-on, forehead clutching agony. Let me give you an example.
George W. Bush on Health Savings Accounts, January 26, 2005:
"A health savings account enables a person to be in charge of his or her own health care decisions.... Our view is, is that if you're a consumer of health care and you're in the marketplace making health care decisions, it is more likely that there be more cost control in health care..."
George W. Bush on Record Oil Company Profits, February 1, 2006:
"I think that basically the price is determined by the marketplace and that's the way it should be.... There is a marketplace in American society."
So let me see if I've got Bush's economics lesson straight. Health Savings Accounts will help control the cost of healthcare because that's the way "the marketplace" works. But record high fuel prices coupled with record high oil industry profits shouldn't get anybody down because that's the way "the marketplace" works. In other words, leaving the cost of anything -- like healthcare -- to "the marketplace" is in no way, shape, or form a guarantee that prices will actually come down.
Anybody have any Excedrin?