There are many reasons why American health care is super expensive. One of the biggest ones is that patients don't have any real way of knowing what any given service or procedure costs. And because the patients don't know any better, providers have no compelling reason to even attempt to keep prices low.
But what if they did? Here's how that might look.
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Economics playlist: https://www.bitchute.com/playlist/7FUxirj5aFRA/
Health playlist: https://www.bitchute.com/playlist/Q4isADIWiiCq/
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Recommended:
Your Facebook Friends Are Wrong About Health Care by Tom Woods (FREE Ebook)
- https://tomwoods.com/freebooks/
"Virtually everything that the government does costs more than when the same thing is done in private industry - whether it is building housing, running prisons, collecting garbage, or innumerable other things. Why in the world would we imagine that health care would be the exception?"
- Thomas Sowell
Medical Lawsuits by Thomas Sowell
- https://www.capitalismmagazine.com/2005/01/medical-lawsuits/
"It’s easy to forget that for decades the U.S. had a healthcare system that was the envy of the world. We had the finest doctors and hospitals, patients received high-quality, affordable medical care, and thousands of privately funded charities provided health services for the poor. I worked in an emergency room where nobody was turned away for lack of funds. People had insurance policies for serious problems but paid cash for routine doctor visits.
We should remember that HMOs did not arise because of free-market demand, but rather because of government mandates. The HMO Act of 1973 requires all but the smallest employers to offer their employees HMO coverage, and the tax code allows businesses — but not individuals — to deduct the cost of health insurance premiums. The result is the illogical coupling of employment and health insurance, which often leaves the unemployed without needed catastrophic coverage.
While many in Congress are happy to criticize HMOs today, the public never hears how the present system was imposed upon the American people by federal law. As usual, government intervention in the private market failed to deliver the promised benefits and caused unintended consequences, but Congress never blames itself for the problems created by bad laws. Instead, we are told more government — in the form of “universal coverage” — is the answer."
- Lowering the Cost of Health Care by (Doctor) Ron Paul - https://www.lewrockwell.com/2006/08/ron-paul/want-to-cut-medical-costs/
---- This is a mirror of Foundation for Economic Education's video on Youtube. ----
Original upload: https://www.youtube.com/watch?v=OVr4uioWO6Y
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