Sunday, May 7, 2017

Healthcare Delusion

Drawn into the stream
Of undefined illusion
Those diamond dreams
They can't disguise the truth
--Level 42

A common argument among proponents of socialized medicine is that, with healthcare costs so high and going higher, large portions of the population would not be able to afford healthcare if they had to pay full price out-of-pocket.

I am not sure whether these people are ignorant about the wholly predictable effect of socialized medicine on healthcare costs or simply choose to look the other way.

We've shown the above chart before. Healthcare prices have been increasing at rates greater than the CPI for decades. But it hasn't always been this way. There was a time when people paid for much of their healthcare out-of-pocket.

The divergence in prices began with the onset of Medicare and Medicaid in the 1960s. It was easy to prognosticate at that time that healthcare costs were destined to go thru the roof.

People who cheer for the current government controlled healthcare system and/or desire even more state involvement are fooling themselves if they believe that this 'solution' makes healthcare more affordable for all. This delusion may be funded, literally, by the current arrangement of spending other people's money on healthcare.

I wonder if these people would feel the same way if they knew that those 'other people' were their children and future generations.

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