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Four Steps to Healthcare Freedom
Posted on: August 18, 2018 at 09:38:15 CT
ummmm MU
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In “ A Four-Step Healthcare Solution,” Hans-Hermann Hoppe outlines a proposal of how to privatize healthcare in the United States. His steps would save the US far more than just $2 trillion dollars in administrative costs over the span of ten years.
1. “Eliminate all licensing requirements for medical schools, hospitals, pharmacies, and medical doctors and other health-care personnel.” Doing so would immediately make it cheaper to become a worker in the healthcare industry. With more production comes more competition. This would lead to a drop in the overall price of healthcare. The market tends to lower prices through competition, not increase prices through monopolization. That is what the government does by regulating and nationalizing industry.
2.“Eliminate all government restrictions on the production and sale of pharmaceutical products and medical devices.” This would, of course, lead to the abolition of the FDA. FDA approval is a long and expensive process that is frequently unreliable.
3.“Deregulate the health-insurance industry.” This is perhaps the largest problem in the States. When politicians discuss healthcare, they are attempting to find more ways the government can get involved with insurance. One of the biggest problems involves government non-discrimination policies that make it a crime to exclude potential customers. Insurance is ultimately gambling. If an insurance company can’t refuse to cover those at a greater risk, then costs will naturally increase for everyone.
4. “Eliminate all subsidies to the sick or unhealthy.” Subsidies encourage the behavior it is subsidizing. If the US eliminates subsidies to the ill, then the need for healthcare will soon diminish as people will be more risk-averse.
Government is not the solution to healthcare. It is the problem. Medicare for All will only increase the size of government, make inefficiency inevitable, and ruin what little quality and innovation remain within American healthcare. Jacobin is wrong; Medicare for All, or more government in general, is not the solution to the current mess. Rather, privatizing the healthcare industry will not only expand human liberty. It will also make health care better and more affordable.
https://mises.org/wire/sorry-medicare-all-wont-save-taxpayers-money
Edited by ummmm at 09:38:30 on 08/18/18
1. “Eliminate all licensing requirements for medical schools, hospitals, pharmacies, and medical doctors and other health-care personnel.” Doing so would immediately make it cheaper to become a worker in the healthcare industry. With more production comes more competition. This would lead to a drop in the overall price of healthcare. The market tends to lower prices through competition, not increase prices through monopolization. That is what the government does by regulating and nationalizing industry.
2.“Eliminate all government restrictions on the production and sale of pharmaceutical products and medical devices.” This would, of course, lead to the abolition of the FDA. FDA approval is a long and expensive process that is frequently unreliable.
3.“Deregulate the health-insurance industry.” This is perhaps the largest problem in the States. When politicians discuss healthcare, they are attempting to find more ways the government can get involved with insurance. One of the biggest problems involves government non-discrimination policies that make it a crime to exclude potential customers. Insurance is ultimately gambling. If an insurance company can’t refuse to cover those at a greater risk, then costs will naturally increase for everyone.
4. “Eliminate all subsidies to the sick or unhealthy.” Subsidies encourage the behavior it is subsidizing. If the US eliminates subsidies to the ill, then the need for healthcare will soon diminish as people will be more risk-averse.
Government is not the solution to healthcare. It is the problem. Medicare for All will only increase the size of government, make inefficiency inevitable, and ruin what little quality and innovation remain within American healthcare. Jacobin is wrong; Medicare for All, or more government in general, is not the solution to the current mess. Rather, privatizing the healthcare industry will not only expand human liberty. It will also make health care better and more affordable.
https://mises.org/wire/sorry-medicare-all-wont-save-taxpayers-money
Edited by ummmm at 09:38:30 on 08/18/18
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Four Steps to Healthcare Freedom - ummmm MU - 8/18 09:38:15
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