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Yaron Brook of the Ayn Rand Institute addresses the issue of health care “reform” in a new column. Read it all.
Government intervention in medicine is wrecking American health care. Nearly half of all spending on health care in America is already government spending. Yet President Obama’s “reforms” will only expand that intervention.
Prior to the government’s entrance into medicine, health care was regarded as a product to be traded voluntarily on a free market-no different from food, clothing, or any other important good or service. Medical providers competed to provide the best quality services at the lowest possible prices. Virtually all Americans could afford basic health care, while those few who could not were able to rely on abundant private charity.
Had this freedom been allowed to endure, Americans’ rising productivity would have afforded them better and better health care, just as, today, we buy better and more varied food and clothing than people did a century ago. There would be no crisis of affordability, as there isn’t for food or clothing.
+ May 2009
+ May 2008
+ May 2007