SEATTLE NEWS ARCHIVES & FEATURES

Ron: The health care fallacy that politicians don’t consider

Jul 26, 2017, 5:22 PM | Updated: Jul 27, 2017, 1:21 pm

health care...

President Donald Trump speaks about healthcare, Monday, July 24, 2017, in the Blue Room of the White House in Washington. (AP Photo/Alex Brandon)

(AP Photo/Alex Brandon)

There’s concept in economics called the “sunk cost fallacy.” In a nutshell, it says that a person’s decision making skills are influenced by how much they have already invested. Time, money, and effort invested in a cause will make you continue to go forward even when it is no longer is the right decision.

You can see this concept everyday in people who stay in a failed marriage or start up companies that borrow money just one more time. Surely, we’re just about to turn the corner. Right?

RELATED: Why I’m a huge NLF fan and a huge hypocrite

So what are we talking about here?

I think this entire health care debacle is one giant example of the sunk cost fallacy.

There has been so much invested on both sides, for so many years, that it has become impossible for anyone to give up.

But let’s think about this for a minute. Let’s say we were tasked with creating health care from scratch and had never heard the word Obamacare, or Trumpcare. Would reasonable, intelligent people invent what we have now?

Not in a million years. It makes no sense. It is a system that is completely overly complicated and inefficient. If we were going to start over we’d all make some basic assumptions. People get sick and need health care. People shouldn’t die because they can’t afford medical care. So far, so good? We all agree with that basic concept? Good.

So now we have to build a system that solves this reality.

Does it seem logical to have everyone contribute into a giant medical fund? Then have smart people invest that huge pool of money to try and make money on the money. Then pay out money to health care providers that are helping the sick?

Some people will pay more into the system. Some people will use more healthcare because they get sick a lot. I’d vote to be on the healthy-and-paying-into-the-system team. But if everyone is pulling in the same direction, it could work.

The slogan that ushered a man into the White House was “Make America Great Again.” You know how I would define greatness? When a person gets sick, they can go to the doctor and not worry about losing their life savings.

That’s what we’re talking about.

“What Are We Talking About Here” can be heard every weekday at 4:50 p.m. and 6:50 p.m. on the Ron & Don Show on KIRO Radio 97.3 FM.

Please follow our Community Guidelines

drug ring pnw leader...

Jason Sutich

‘He didn’t stop’: 25-year-old drug ring leader gets 10+ years despite repeated seizures across PNW

A leader of a drug trafficking ring was sentenced to 130 months in prison after he was persistent in bringing large amounts of drugs to Washington.

44 minutes ago

Associated Press

Authorities arrested a man with ammo and apparently monitoring security at Trump golf course near LA

RANCHO PALOS VERDES, Calif. (AP) — Authorities on Sunday arrested a man who was walking the grounds and appeared to be monitoring security planning at President Donald Trump’s California golf course two days ahead of the president’s visit. The Los Angeles County Sheriff’s Department said the man was taking photos and video and had a […]

1 hour ago

Bothell Fred Meyer fire...

MyNorthwest Staff

Bothell Fred Meyer evacuated for fire, store closed while crews ventilate building

The Fred Meyer in Bothell was evacuated Tuesday afternoon due to a fire inside the store.

2 hours ago

Clark County bald eagle shot...

Jason Sutich

Clark County man charged with shooting, killing bald eagle with shotgun

A 66-year-old Brush Prairie, Clark County resident was charged Tuesday with violating federal law by allegedly shooting and killing a bald eagle with a shotgun.

2 hours ago

The Reset...

No Author

The Circle: Nominate a Seahawks Fan for a Chance to Win Tickets with The Reset!

Gee Scott and The Reset are launching a new season-long Seahawks ticket giveaway called The Circle, giving listeners the opportunity to nominate someone for a chance to attend a Seahawks game during the 2026 season.

2 hours ago

Sound Sound...

South Sound

Bates Technical College Hosts Free Dental, Denture Clinics

Originally published on South Sound. To improve access to local dental health care, Bates Technical College’s Dental Assisting and Denturist Programs hosted free dental clinics in Tacoma on July 24. Licensed dentists provided exams, X-rays, extractions, and fillings. Denture and partial repairs were also available through the Denturist program. In addition to improving access to […]

3 hours ago

Ron: The health care fallacy that politicians don’t consider