Current Approach To Health Care Is Still Fundamentally Flawed
Written by Brian Garst, Posted in Free Markets, Government Meddling, Health Care, Welfare & Entitlements
The argument for a public option never really made sense. If there’s an insurance model that could perform better than current models, there’s no reason it can’t be adopted in the private sector, perhaps financed by liberal billionaires like George Soros and Steve Bing, without government legislation. If it’s really a better choice for consumers, and thus profitable, someone would step forward to do it. On the other hand, there are many obvious disadvantages to administering government insurance (the same disadvantages that plague all government activities), while the only real advantage is the availability of taxpayer money.
If the government is to use taxpayer dollars to run an insurance model at a loss, which is basically a redistribution from taxpayers to insurance consumers (two overlapping but not identical groups), then the same thing could be more easily accomplished without undermining existing insurance providers (food stamps, for instance, don’t undermine grocery stores). In other words, the public option was always completely unnecessary no matter which side you looked at it from, and the White House may or may not be ceding ground on this issue, depending on who you listen to. But while dropping the public option from the discussion would be a welcome development, the nature of the health care argument advanced by the White House is still fundamentally flawed. (more…)