Sunday, August 16, 2009

Trade-offs and health care

Another look at this post at

Trade offs are a part of every economic decision whether someone is going to the grocery store or deciding on health care treatments. And in a previous article called “The ‘Invisible Hand’… or the Hand of Death?,” we looked at how the lack of a trade-off mechanism in the past caused health care costs to soar.

Now it’s time to seriously consider what will happen when the decision is taken away from patient and put in the hands of an already heavily debt-burdened, bankrupt government.

In a market, the private ownership of the medicine, tests, and services is supposed to allow exchange and trade on the basis of supply and demand. Now, with the current Obama Administration to eliminate private ownership as the means of production, the patients will simply have no choice but to be entirely subservient to a rationing or “control” board that places government demands above personal needs.

Economically, there is no other way to organize the system then through rationing when the mechanism of prices is abolished altogether.

Even leftist Eugene Robinson at the Washington Post correctly writes “It is not illogical for skeptics to suspect that if millions of people are going to be newly covered by health insurances, either costs are going to skyrocket or services are going to be curtailed.”

Single-payer turns into single-decider.

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