Politicizing Things

Congressman and Vice Chairman of the House Financial Services Committee Jake Auchincloss (D, CT) had an op-ed in Tuesday’s Fox News Online in which he complained about the lack of bipartisanship regarding and the politicization of the current inflation period—and blamed it all on Republicans.

Never mind the irony of decrying partisanship and politicization while blaming partisanly.

But the irony—no, the dishonesty—didn’t stop there. Here are just a couple of examples; he led off with them.

…game of chicken with the debt-ceiling….

Here is Auchincloss’ first move of partisanly politicizing the dire strait of our economy. There’s no game of chicken here; the Progressive-Democrats have the votes to raise the debt ceiling. All they need to do is to set their number for the raise, and then vote it into law. Auchincloss knows that full well.

Then there’s this:

First and foremost, that means working together to shift consumer spending towards services and away from goods.

Because the Progressive-Democrats, with their Big Government ideology, insist they know better than us ignorant average Americans what we want—what we should want—than we do. They’re looking to dictate to us what we will buy, with the money they choose to leave us after they’ve taken most of it via their taxes.

Auchincloss’ nonsense went on in that partisan, wholly political, vein.

This self-absorption, if not outright duplicity, is all too typical of the Progressive-Democratic Party.

Dislocations of a Non-Competitive Market

It turns out that when there’s no market competition, and when there’s no price signaling in any sort of market, some producers charge more than others, and consumers pay the price (to coin a phrase).

Some hospitals charge up to 10 times as much as others for standard medical scans, according to the latest analysis of previously secret market rates.
Median prices for taking images of the brain, legs, abdomen and chest differed across hospitals by thousands of dollars in some cases….

And

Hospitals and insurers have long set prices in confidential negotiations, which has frustrated employers seeking to curb costs by shopping for better deals under worker health-benefit insurance plans. The average premium for family insurance offered as a workplace benefit increased 4% this year….

Think how us consumers, feel.

There’s this, too:

Cost difference can’t explain the price spreads…. Other factors that determine prices, the researchers said, include negotiating skills or how much leverage hospitals have in contract talks with insurers.

All of which is strongly potentiated by the prices and pricing mechanisms being kept hidden from the market at large.

Ge Bai, a Professor in Johns Hopkins Bloomberg School of Public Health’s Health Policy and Management facility, is being polite:

This is very far away from a competitive market[.]

Go figure.