The Basics of Healthcare and Economics

J. R.Nyquist has written an excellent article on Healthcare.

He summarizes quite nicely the economic aspects of healthcare and why soft-headed thinking, regardless of good intentions, produces bad results.

He uses basic economics to describe why healthcare, as proposed, must fail. It cannot work in theory. And it cannot work in practice. Nothing the government has ever done has worked. They have no record of improving anything. Generally, their results are just the opposite from what the intended. Here is Nyquists assessment:

But many agree that the health care system is broken. So government is to fix the problem? Just like they won the war on drugs, crime and poverty. Just like they fixed education, and the family court system. Anyone who understands today’s social problems can see that government has solved nothing. In fact, there is no way government can fix our health care problem, especially when government has lost sight of its basic function (i.e., national security). Every solution offered by government leads to further problems: dependency, corruption, economic inefficiency, clogged courts and crowded prisons, schools that graduate illiterates, broken homes and neglected children.

Finally, Nyquist believes the entire effort of taking over healthcare is merely an early step in a “road to serfdom:”

After the government has taken over the management of health care, the socialists will find yet another industry to target. As each sector of the economy is colonized by government, as each citizen is guaranteed free health care, free bread or lodging, the power of the state will grow as the individual withers. The state, said Nietzsche, “is the coldest of all cold monsters.” And it was cold comfort to watch this week’s healthcare summit on television.

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