Saturday, March 07, 2009

Preach to my Choir: Body of facts to prove that Universal Healthcare is a Failed Policy

H/T to Elric66: The Problems with Socialized Health Care

I once believed in the lofty goal of "universal health care". Who wouldn't support that goal? Doesn't everyone have a "right" to health care?

It was easy to agree with a meaningless campaign promise such as "Affordable Health Care for All". It takes effort to research the topic and understand economic reasoning and history.

Once I questioned the sound bites, I realized that government intervention in the market (e.g., Medicare, FDA regulations, physician licensing, insurance regulations) is the reason for artificially high health care prices.

So-called Universal Healthcare amplifies all problems:

1) Reduces patient incentives to find the best possible prices for the best possible services/products available.
Patients in the U.S. who receive "free" (taxpayer-funded) health care have no incentive to conserve their health care dollars. Care is "free" so they visit the doctor's office several times a month or request "free" prescriptions for over-the-counter medication such as Tylenol.

2) Reduces physician incentives to provide competitive care and reduces drug companies' incentives to provide new drugs and treatments.
With no incentive to provide quality care, physicians and nurses leave the government-monopolized area for better opportunities in a freer country. Shortages result. Drug companies are hindered by price controls and regulations and soon cease research and development of new medication. In the U.S., start-up drug companies cannot afford to run the FDA gauntlet, so the market is dominated by a few established corporations.

3) Steals from your wallet to pay for my health care.
Yes, you do have a right to health care, just as you have a right to food, shelter and property. However, you have no "right" to force others to provide these things for you - All "free" medical care is subsidized through taxes stolen from other people.


A very long list of links to articles to prove the point can be found inside...

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