Employer-based health insurance premiums are up again, which means that the usual suspects will be renewing their calls for government-run health care. But Alex Epstein, of the Ayn Rand Institute, advises that government meddling is the cause of rising health care costs:
These skyrocketing premiums are testament to the huge destruction that the government’s massive control of healthcare to date has already wrought.
But isn’t our health care system controlled by the robber barons of the health care industrial complex? Nope.
Health-care is one of America’s most controlled and socialized industries … the government has reached its tentacles into every facet of medicine, from how many doctors are allowed to be licensed to which medical professionals may perform what procedures, to what procedures insurance companies must provide on their plans.
What would happen to us if the government didn’t step in to control costs?
Observe that in the fields that are left free, like the computer and electronics industries, over time the cost of any given product generally goes down, not up.
Well, yes, but would the market work the same way for health care? Yep.
We already see this with the few realms of medicine that are left free; laser eye surgery, for example, has improved dramatically over the years while prices have fallen.
And, the solution?
We could see such developments with medical care as a whole–as soon as we agree to take responsibility for our own health, and get the government out of it.
[via WeStandFirm]
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