
Socialized Health care and its Perils
As I write this, it remains uncertain whether or not we will be voting on the socialized medicine bill next week. Regular readers know that I am a numbers, financial, and economic guy, as betrayed by my CPA certification. As important as these issues are, we are now presented with an issue even more vital. The socialized healthcare bill being considered by the House will likely result in tens of millions of Americans dying sooner than they otherwise would have to.
When the free-market, doctors, and patients are taken out of health care decisions, and the care is paid for by somebody else, the establishment of an organization to ration care is inevitable. In fact, the legislation creates the National Institute of Comparative Effectiveness. As benign as it may sound, this is the bureaucracy that will be used to ration care. A similar institution exists in Britain, and has the rather ominous acronym of NICE (National Institute for Health and Clinical Experience). Rulings on whether people live or die are made frequently in Britain and Canada, and if you have a pre-existing condition, are elderly, or for some reason deemed ‘unfit’ for a life saving procedure, then your… Read More