AUSTRIAN ECONOMICS ADDICT

California and NY are in the process of implementing state government run single payer healthcare systems. We should not take any action on National healthcare laws until the results of these two State experiments are known. These articles; “California Single-Payer Bill Puts Dems In Tough Position“, and “New York’s Single-Payer Health Care Plan Would Be More Expensive Than Hew York’s Entire State Government“, talk about the costs that would torpedo the budgets of each state if these bills get implemented.

Obamacare is in the process of collapsing. You probably won’t believe this but, it was designed to collapse. Listen to Jonathan Gruber admit what Obamacare was designed to do (click here to watch clip). Obamacare was supposed to be the next step toward the implementation of a government run single payer healthcare system.

The true test of whether a theory or policy works as advertised is the passage of time. Time will bear out whether something works or fails. The incrementalism of government intervention into the healthcare market over the last 90 years has brought us to this point in time. We have a 90 year test of time to judge if government regulations have produced their intended consequences. The verdict is in. These policies have failed.

But instead of politicians and bureaucrats in government choosing to repeal the regulations that produced bad results, politicians and bureaucrats passed new regulations in an attempt to address the results caused by their previous intervention into the healthcare market (click here New Gov. Healthcare Regulations Will Not Cure The Results Of Previous Gov. Regulations).

Every new regulation designed to ‘fix’ the results of previous regulations reduces options available to consumers and producers of healthcare. The pricing system of the market is distorted. Information about the production and consumption of healthcare is transmitted through the system via market prices. Decisions are made using this false information. Results of decisions using false information can’t possibly turn out well because decision makers are flying blind. This is why Obamacare is collapsing. There is no true pricing system.

WHAT SHOULD BE DONE WITH HEALTHCARE?

1)No new regulations should be passed.

2)The Senate should squash the House repeal and replace bill.

3)The consequences of Obamacare should be allowed happen over time.

4)We should allow the passage of time to show us if the single payer systems of New York and California work to cut costs (truly cut costs not shift costs somewhere else) and increase coverage.

CONCLUSION

We have an opportunity to find out whether Government run single payer healthcare is the system that provides the best possible coverage at the lowest possible cost.

Even though waiting a few more years to see the results will increase costs, we should wait to witness reality. The increased cost of waiting will be less than the cost of making a premature decision to implement a government run single payer system that we will be stuck with forever no matter how bad it fails.

Related Article – Healthcare: Market Solutions vs. Bureaucratic Decrees, at austrianaddict.com.

Related Article – How Would Government Run Healthcare Work? Look At The VA. at austrianaddict.com.

Related Article – Let’s Look At Government Run Healthcare, at austrianaddict.com.

Related Article – The Economics Of Health Care vs, The Right To Healthcare, at austrianaddict.com.

Related Article – The Reality Of Obamacare: Socialism By Installments, at austrianaddict.com.

This entry was posted on May 31, 2017 at 11:48 pm and is filed under Government and Politics. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Affordable Care Act Collapsing, California and New York Implement Single Payer Healthcare, Government Run Single Payer Healthcare, Obamacare