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35 Cards in this Set
- Front
- Back
What is the main paradox of the corporation?
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corporation creates great wealth but also great harm
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Where did the corporation grow out of and what was special of these initial corps?
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industrial revolution. clear rules on charters (how long to operate, money, what they made, shareholders liable)
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What is an externality? EX
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In a two person interaction a third person pays the price.
EX: Agent orange in Vietnam. US government sprayed to kill soldiers, ended up killing thousands of civilians. |
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Give an example of the corporations sole intention of achieving profits.
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Corps trading with enemies. EX IBM giving Nazis...
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Who was General Smedley Butler?
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"Gangster for Capitalism" took over Mexico for oil, Cuba/Hati for Citibank. Asked by heads of several corporations to stage a coup against FDR in 1940's. They all denied these claims.
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How much does HC cost the average american?
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1 in every 6 dollars
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Name some general charcteristics of the HC system.
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-barriers to entry
-no open competition -no consumer sovereignty -policy incentives collusion -medical industrial complex |
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HC Britain
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% GDP: 8.3
Co Payment: none for most What: socialized medicine. NHS. admin costs low. GP's paid extra for healthy patients. Problems: long wait, limited choice |
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HC Japan
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% GDP: 8
Co Payment: Preium 280 per month, 30% of procedure copay What: social insurance. all required to have Problems: spends too little. hospitals bankrupt |
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HC Germany
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% GDP: 6.3
Co Payment: 750 per year. 15 $ per 3 months What: social insurance. germans free to buy from 200 non profit sickness funds. sickness funds negotiate prices. no gatekeeper. Problems:doctors underpaid. top 10% are allowed to opt out |
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HC Taiwan
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% GDP: 6.3
Co Payment: 650 per year for family. copay small What: government only insurer. system similar to canada/medicare. smart cards used. lowest admin costs Problems: not taking in enough money. |
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HC Switzerland
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% GDP: 11.6
Co Payment: 750 per month. 10 % of cost of service copay What: social insurance. very similar to US. insurers negotiate set prices. Problems: second most expensive in world |
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HC system similarities
Britain - Taiwan - Poor Countries - Germany - |
Britain - Veterans
Taiwan - Old Poor countries - Poor Working class - Germany |
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What two factors did the Bay Area News Group use to analyze charity care?
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-% of operating expenses each hospital devotes to charity care
-how total charity care is divided among hospitals |
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What arguments do the hospitals use to defend themselves?
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-Geographic location, some are in areas with less charity care needing people
-programs run outside of the hospital. preventative, less costly but effective |
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What outlines the hypocrisy of hospitals in regards to CEO pay?
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they are asking nurses to increase out of pocket payments for HC, but also raising CEO pay
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Why do people have a problem with CEO pay?
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non-profit hotels receive tax-exempt status to save millions, but shell out millions to CEO's
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What are the three main issues with the US health care system?
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-lack of security
-lack of universal access -rising costs |
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What is evident with regards to charity care in non profit vs county hospitals?
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in contra costa county, one county hospital paid 75% of charity care
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History of campaign finance
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1907 - Tillman Act prohibited cops and banks from contributing money to elections
1971 - FECA forced disclosure. established PAC's. public campaign fund 2002 - Mccain Feingold bans all soft money contributions |
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In favor of Campaign finance reform say....
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free speech, no matter if it has a good or bad effect, must be promoted
corps are made up of individ.. Americans can decide what they want after seeing all voices |
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Against campaign finance...
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-will undermine us democracy
-shareholders might not agree with corporation -money = voice = wins |
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What did the lawyers agree upon in terms of the impact of the ruling?
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more money will be spent
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Were the respective examples cited by each compelling?
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Simpson - wine example. wine owner sent word out to follower to vote against congresswomen
Youn - richer candidates always win |
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What is it the president could do about the decision?
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create a public financing option
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What’s the difference between PAC and Super PACs?
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S Pac - no coordination between the PAC and the candidate. spend unlimited on adds. can set up non-profit to donate money anomously. this is all questioned. past staffers often times work on s pacs.
Pac are heavily regulated and all donors are disclosed |
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What did Malloy mean when she said, “Super pacs are not the only beast on the scene?”
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C4 non profits
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Why do politicians puppet messages like that?
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politicians ideologically synonymous with industry. believe industry propaganda. want to believe the free market system will work .
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Why is the industry so powerful on both sides of the aisle?
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lots of money. tons of lobbyists. govt'business connection
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Why is public insurance, a public option, so fiercely opposed by the industry?
- Note ‘market structure’ comment - Note efficiency of public insurance. |
industry fiercely opposes it. don't want to compete with a more efficient entity.
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What is Neo feudalism?
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Giveaway to big business
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History of PPACA
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1929 - modern insurance created
1933 - FDR tries single payer 1950's - truman tries single payer 1960's - LBJ get medicare/caid 1974 - Nixon advocates more progressive than obama plan 1993 - H Clinton insurance pools 2010 - PPACA |
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Name PPACA provisions
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1. HC exchanges. increase transperancy and competition.
2. High Risk pools. 3. ML Ratio at 80.20 4. individual fine/mandate 5. > medicaid |
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Criticisms from dem/repub
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dem: giveaway to big insurance. no public option. no increase in competition
rep: no lower cost. increase deficit. fines not big enough. |
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Supporters say
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lower costs (CBO report)
cover 30M more start econ recovery only affects 15% of pop |