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Big Corporation Parasitism and Me

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Headlined to H3 7/6/14

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Factoring human and ecological costs into price analysis.

Today I went to a local pharmacy to pick up a prescription my doctor gave me-- for a three month supply. The pharmacy tech plugged my data into their system and the three month prescription was rejected, with only a one month supply allowed.

To obtain a three month supply I had to get it through Futurescript, the company that manages prescription plans for my healthcare insurer. (actually, Futurescript is owned by Catalyst Health Solutions Inc., which is a subsidiary of SXC Health Solutions.

It bothered me that I couldn't get the prescription from a local business giving local people jobs.

It may be that it is cheaper for Futurescript to mail order supply the medication. But that can lead to local jobs lost. Local jobs inject spending into the local economy AND pay federal taxes.

Saving ten cents on a prescription might cost fifteen cents or a dollar in terms of lost tax revenues and re-investment in the community economy.

That doesn't matter to a for-profit company. But if we had single payer, medicare for all healthcare, then those other costs would come into play as part of federal, state and municipal budgets.

This raises a few considerations.

  • For profit companies exploit opportunities regardless of the impact on the community or the healthy functioning of the optimized employment environment.

  • Jobs as assets of value can be quantified and added into cost equations that are intended to optimize employment, not just simple cost.

  • Other costs, like pollution and actuarially calculated costs of cancer treatment for the victims, can be determined and added into the big picture cost assessment.
  • Capitalism as an economic system runs with or without the "indirect" costs I describe above. It should not. When companies omit the considerations mentioned above they evade responsibility and literally parasitize the system and local communities. Talk about welfare. That is welfare-- or worse, since it is destructive, which makes it more like an affliction or infestation.

    This is a case where corporations, acting independently are stealing from local communities, stealing from the commons. Libertarians like to talk about getting rid of regulations, but we need MORE regulations to stop the kind of theft big corporations engage in every day.

     

    Rob Kall is editor-in-chief, publisher and site architect of OpEdNews.com, President of Futurehealth, Inc, and an inventor. He hosts the Rob Kall Bottom Up Radio Show, aired in the Metro Philly area on AM 1360, WNJC. Over 200 podcasts are archived for downloading here, or can be accessed from iTunes. Rob is also published regularly on the Huffingtonpost.com

    Rob Kall Wikipedia Page

    Rob is, with Opednews.com the first media winner of the Pillar Award for supporting Whistleblowers and the first amendment.

    See more Rob Kall articles here and, older ones, here. To learn more about Rob and OpEdNews.com, check out A Voice For Truth - ROB KALL | OM Times Magazine and this article. For Rob's work in non-political realms mostly before 2000, see his C.V..  and here's an article on the Storycon Summit Meeting he founded and organized for eight years. Press coverage in the Wall Street Journal: Party's Left Pushes for a Seat at the Table

    Here is a one hour radio interview where Rob was a guest- on Envision This, and here is the transcript. 

    To watch Rob having a lively conversation with John Conyers, then Chair of the House Judiciary committee, click hereWatch Rob speaking on Bottom up economics at the Occupy G8 Economic Summit, here.

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    And that's just the beginning of the saga. Sorry y... by M.I. Lee on Sunday, Jul 6, 2014 at 5:26:58 PM
    Libertarians like to talk about getting rid of reg... by Amy Schreiner on Sunday, Jul 6, 2014 at 7:06:35 PM
    No, we need to stop the government from giving big... by June Genis on Monday, Jul 7, 2014 at 1:48:21 PM
    The problem we have is regulatory capture. How are... by intotheabyss on Sunday, Jul 6, 2014 at 8:13:49 PM
    You talk about corporate responsibility. Does not... by Doc McCoy on Sunday, Jul 6, 2014 at 9:18:46 PM
    A few thoughts on your intriguing questions:"For p... by Robert S. Becker on Monday, Jul 7, 2014 at 1:27:32 PM
    What many libertarians can't seem to recognize is ... by Derryl Hermanutz on Monday, Jul 7, 2014 at 2:37:43 PM
    Thank you. I won't send off for mail order drugs.... by Sandra Parson on Monday, Jul 7, 2014 at 3:17:48 PM
    Cheeze Rob! Not everything's a capitalistic plot.... by Shirley Braverman on Tuesday, Jul 8, 2014 at 4:47:50 AM
    You have failed Progressive Economics 101 now Shir... by Doc McCoy on Tuesday, Jul 8, 2014 at 5:36:29 AM
    My opinion is that healthcare should not... by Bob Gormley on Tuesday, Jul 8, 2014 at 6:15:15 AM
    See my reply to doc. What is your idea on how to... by Shirley Braverman on Tuesday, Jul 8, 2014 at 2:43:25 PM
    Thanks Doc. There are profits and there are obsc... by Shirley Braverman on Tuesday, Jul 8, 2014 at 2:40:13 PM
    60% of US bankruptcies are due to healthcare costs... by intotheabyss on Tuesday, Jul 8, 2014 at 5:09:05 PM
    Study was done in 04 to 07 so it is irrelevant tod... by Shirley Braverman on Tuesday, Jul 8, 2014 at 7:42:11 PM
    Is this irrelevant?click here ... by intotheabyss on Wednesday, Jul 9, 2014 at 4:59:27 PM
    CEOs always make more money when their company doe... by Shirley Braverman on Wednesday, Jul 9, 2014 at 11:31:29 PM
    Almost all of the publicly traded health insurers ... by Amy Schreiner on Wednesday, Jul 9, 2014 at 8:39:02 AM
    Well yes, with 12 million more insured their reve... by Shirley Braverman on Wednesday, Jul 9, 2014 at 1:14:28 PM