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| * [[http://mises.org/daily/5496/|The Economics of US Healthcare]] - how the redistributionist systems are bankrupt; individual costs vs. income; the lie of "insurance", insurable events; licensure; impact of patents on costs. | * [[http://mises.org/daily/5496|The Economics of US Healthcare]] - how the redistributionist systems are bankrupt; individual costs vs. income; the lie of "insurance", insurable events; licensure; impact of patents on costs. * [[http://mises.org/daily/4434|What's Really Wrong with the Healthcare Industry]] - "There are four major causes of rising prices in the healthcare market, and in every case government intervention has either directly caused or greatly exacerbated the problem." * employer provision of healthcare insurance (leads to price insensitivity) * licensure (reduces supply of doctors etc., leads to higher prices) * obesity epidemic (10% of healthcare costs, due to state subsidy of corn-based sweeteners) * intellectual property (patents on drugs, medical technology: state violence preventing innovation) |
Statists frequently point to skyrocketing healthcare costs as a "failure of the free market", when nothing could be further from the truth. There is no free market in healthcare (in the US in particular, and probably not in any other country either); healthcare is an extremely over-regulated market.
Some relevant articles:
The Economics of US Healthcare - how the redistributionist systems are bankrupt; individual costs vs. income; the lie of "insurance", insurable events; licensure; impact of patents on costs.
What's Really Wrong with the Healthcare Industry - "There are four major causes of rising prices in the healthcare market, and in every case government intervention has either directly caused or greatly exacerbated the problem."
- employer provision of healthcare insurance (leads to price insensitivity)
- licensure (reduces supply of doctors etc., leads to higher prices)
- obesity epidemic (10% of healthcare costs, due to state subsidy of corn-based sweeteners)
- intellectual property (patents on drugs, medical technology: state violence preventing innovation)