In July, 2009, Professor Hans-Hermann Hoppe delivered a speech at the Mises University titled "Economics of Risk and Insurance: From Healthcare to Welfare".
The speech starts off with a discussion of probability theory as it applies to insurance and continues on to explain why socialized healthcare leads to higher prices, poorer healthcare services and a society constructed to look for illness.
This is a complete and thorough smackdown of Obamacare and all other national healthcare schemes.
The lecture can be heard, here.
Yet in reality national healthcare schemes have lower costs (15+%GDP US is nearly double the next countries healthcare costs) , comparatively better outcomes (for everyone) and a greater sense of community. The problem with US healthcare is the corpocracy behind it.
ReplyDeleteSimple example, preventative healthcare will be much cheaper than last resort healthcare. Tens of millions of Americans have no access to preventative healthcare.
Watched a program last year of hundreds of working Americans queueing up to get dental treatment and eye glasses provided by a group of British and other doctors who normally do that kind of thing for the third world..
"Yet in reality"
DeleteTranslation: in my imagination.
" national healthcare schemes have lower costs (15+%GDP US is nearly double the next countries healthcare costs)"
This is possible, because the US has a massive administrative layer of compliance for those who finance healthcare. Besides, how are these "Lower" costs achieved? How are they recorded in accounting terms? What drives them? Don't expect anyone to take your word on the "lower costs" benefit of UHCs, it's bullshit.
" , comparatively better outcomes (for everyone)"
Prove it. Prove that it has better outcomes for everyone and prove that the money spent on it has not generated utility losses for those deprived of the income in excess of the gains of those who "benefit" from it. Good luck.
" and a greater sense of community."
Ineffable, vague, mealy-mouthed assertion.
" The problem with US healthcare is the corpocracy behind it."
No. It's pretty much everything Hoppe and others state is the issue with it.
"Simple example, preventative healthcare will be much cheaper than last resort healthcare."
That may be true. That is for the market to determine.
" Tens of millions of Americans have no access to preventative healthcare. "
Well goody gum drops.
This is an amazing lecture. Really eye-opening. I will definitely be looking into to some of the recommended readings.
ReplyDelete