The health care bailout of 2018

Just as today’s economic mess results from politicians pushing “universal home ownership,” the fallout from politicians pushing for “universal health care” will be worse.  So argues Paul Hsieh, M.D. of Freedom and Individual Rights in Medicine in the Colorado Springs Gazette.

No politician can evade the laws of economic reality. …

When Obama’s proposed national system inevitably collapses under the weight of market inefficiency and bureaucratic overhead, this will merely pave the way to fully socialized single-payer health care. Health care spending now comprises one-sixth of the U.S. economy. Forcing taxpayers to pay for everyone’s medical expenses would make the $700 billion Wall Street bailout look like pocket change in comparison. …

The fundamental problem with “universal health care” is the mistaken premise that health care is a “right.” Rights are freedoms of actions (such as the right to free speech), not automatic claims on goods and services that must be produced by others.

Individuals are legitimately entitled to health care that they purchase with their own money, are promised by prior contractual agreements, or are given to them via voluntary charity.

Read the article here.

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