Quotulatiousness

July 18, 2009

Healthcare costs

Filed under: Economics, Health — Tags: — Nicholas @ 17:43

Several years back, Elizabeth worked as an office manager at a vet clinic. She enjoyed the work, although it didn’t pay well. One of the most frequent complaints from the customers was the high cost of vet care. This graph from The Enterprise Blog shows that the rates of increase in healthcare costs are intriguingly similar between pets and their owners (note the different scales on the left and right side of the chart):

Health care costs: pets versus people

The chart [. . .] shows spending on veterinary care, which I pulled from the Consumer Expenditure Survey, and national health expenditures (for people) from the National Income and Product Accounts. Two things are interesting here: first, the rate of growth of spending from 1984 to 2006 wasn’t all that different — and in both cases, spending grew faster than the rate of economic growth. As new technologies are developed for humans, we adopt them for Bowser and Fifi — because we can afford to and we think it’s worth it.

Here in Canada, where we almost never know the actual costs of the healthcare services we receive, the stark reality that healthcare costs money is a nasty surprise. We don’t spend anything like the same real dollars on our dogs, cats, and other pets as on ourselves or our family, and the fact that we don’t have a clue how expensive it is fuels the constant political demand that we provide more “free” healthcare.

On the other hand, in much of Canada, it’s possible to get X-rays, MRI, CT scans, and other diagnostic tests done in hours or days . . . for your pet. For you, weeks or months before you’ll get your appointment. If only there were some obvious conclusion we could draw from these data points . . .

I wrote about the pet health/human health disconnect all the way back in 2004.

QotD: Leverage

Filed under: Economics, Quotations, USA — Tags: — Nicholas @ 16:46

American debt levels are hugely out of line with other countries. I’m a big fan of American exceptionalism, but in this case, I’ll say that we’re at least partially in error. We need to take the downside of leverage much more seriously, starting with our nation’s business schools. OF course, I don’t expect people taking on $100,000 worth of debt to be too easy to persuade of the dangers of leverage.

Megan McArdle, “Asymmetrical Information: Learning to (un)Love Leverage”, The Atlantic, 2009-07-17

July 17, 2009

eBay sellers hidden profit source?

Filed under: Economics, Humour — Tags: — Nicholas @ 12:24

Jon, my virtual landlord, has had a love-hate relationship with eBay for a while. This morning, the “love” phase seemed short and under-used:

Bought a magazine yesterday. Four bucks. Seemed like a good deal. Auction notes that out-of-USA losers should ask for an invoice to get their shipping rate. Thinking that shipping would be, oh, I don’t know, another four bucks or so, I figured what the hell, and use the Get Reamed Up The Ass Now button to buy the thing.

Shipping?

Twelve bucks.

Frig.

Thinking that this was, perhaps, a one-time thing — just a spot of bad luck — I looked around today for another book that I would like to have. Found the book. Brand-new reprint of a rather old book for twenty bucks. Again, a decent deal. Shipping to Canada? Twenty. Two. Dollars. So, no book for me.

No wonder there’s a recession, the dumb wankers.

Speaking of wankers: I took at look at the new Schwarz plane book and thought “what the hell.” So I started the online ordering process. Shipping to Canada for the book and a set of DVDs (on a topic that shall remain nameless)? Thirty. Two. Dollars. Cap-and-trade this, wood-boy. I did not proceed with the order.

What the hell is wrong with these people?

Humph.

I’ve found some eBay sellers like this: they seem to feel that the extra labour of filling in a customs sticker requires them to make a profit of 2-3 times the actual cost of shipping. After getting burned that way once, I’ve always been careful to check shipping costs before bidding.

When I requested Jon’s permission to use his email on the blog, he replied with this:

I guess so. What I sent is not nearly as memorable as the first draft, though. I originally had something in there about how, after Obama nationalizes their health care, I hope the eBayers all get scrofula and schistosomiasis and itch for the rest of their lives; but then I looked up scrofula and schistosomiasis to confirm the spelling and decided that wishing those on anyone, no matter how much they distend my rectum with their take-it-up-the-ass shipping rates (Rectum?! Damn near killed him!), was just a bit over the top.

(Cross-posted to the old blog, http://bolditalic.com/quotulatiousness_archive/005593.html.)

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