« »

Political Proponents of Government Intervention Deciding Health Care Reform Could Learn From Black Friday

By J. Edward Nelson


Shoppers take advantage of bargains on Black Friday

Shoppers take advantage of bargains on Black Friday

Now that Black Friday has come and gone, I wonder whether this novel concept has prompted politicians on Capitol Hill, on the precipice of deciding costly health care reform legislation, to take notice of free market principles in action, and re-think the proposed interventionism imbued within this legislative overhaul of the health insurance industry.

Black Friday in the United States is the Friday after Thanksgiving which marks the beginning of the Christmas shopping season, and for retailers large and small, signifies crossing the threshold of profitability for the year.

For the average American, it signifies a day of SALES – with discounted products as far as the eyes can see – and braving formidable opportunistic crowds at unusual hours of the day, like midnight or 5AM.

For those who do not care to deal with crowds, such as myself, you can take advantage of the same deals in cyberspace.

Black Friday is a shining example of what happens when businesses within an industry are left alone by government, and simply allowed to compete with one another for consumers. You get a literal smorgasbord of economic activity, the “end” to which government intervention into the marketplace purports to be a “means,” fueled by an abundance of discounted products.

Most importantly, consumers get the products that they want, at prices which THEY WANT TO PAY. The market itself drives prices down without the enactment of federal legislation, at the expense of taxpayers.

Repealing legislative impediments to interstate competition within the health insurance industry, such as McKarran-Ferguson, would unleash the combustible force of competition which occurs when buyers and sellers meet, like a chemical reaction, within the marketplace.

Imagine a “Black Friday” for health insurance carriers, where consumers piece together policies to suit their specific needs, by purchasing discounted individual health insurance products, choosing from thousands of carriers nationwide (Below is a video in which Judge Andrew Napalitano describes the constitutional basis for this hypothetical scenario).

The price of health insurance premiums in the United States would decrease substantially like electronics at a “Crazy Eddie” sale. Without the federal government having to spend hundreds of billions in taxpayer dollars to achieve the very same end.

Tracy Mullin, the National Retail Federation’s chief executive, is quoted in a Financial Times of London article as saying, “Budget-focused shoppers seemed to be pleasantly surprised with post-Thanksgiving deals.”

Just the free market in action. Hopefully, Capitol Hill was paying attention.


  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Blog Traffic Exchange Related Websites
  • blog traffic exchangeGiving Thought to Long Term Care Guest Post by Clint With economic volatility and uncertainty rippling throughout the country, it’s not surprising that many families are looking for immediate solutions to their problems. But now more than ever, it’s important to consider your family’s long-term health, security and happiness. Providing for long-term care is just as......
  • blog traffic exchangeAvoid These Three Mistakes When Launching Your First Online Business It's important that you know what the basics of developing an online business are before you launch. There are a lot of variables involved that require a focused approach if you want to make it big. Failure cannot be in your vocabulary regardless of the type of business focus on......
  • blog traffic exchangeAutopilot Income Machines REVIEW - How Can You Earn Money Like A Clickbank Affiliate Earning money with clickbank appears to be the most popular topic when discussing affiliate marketing. As you know, clickbank is a good source for affiliates to advertise sought after ebooks and collect nice commissions out of your sales. The issue that most affiliates have with clickbank is that they don't......
  • blog traffic exchangeTime for a Closer Look at Long-Term Care Insurance Mr. ToughMoneyLove is looking again at long-term care insurance. So should many of you. I will tell you why in a minute. First, let's deal with a misconception that you may have..... Long-Term Care Insurance is Not Just for the Elderly Before you browse away from this page thinking that......
  • blog traffic exchangeDiscover The Ways To Start An Internet Home Based Business Do you have an internet home based business in mind? Do you know how to get it started? While there are many ways on how you can start your grand dream, keep in mind that there are many people who had the same plan as yours but they were not......
Categories : Economics, Politics

Leave a Reply