Now, there are a lot of reasons health care costs are so high. But a big one liberals always miss is the government.
According to the CATO institute, regulations cost the health care industry $169 billion each year. Those costs fall solely on the consumer. Profits work like this: revenue - costs = profit. Easy. If you increase the costs, and the revenue stays the same, profits decline. And in many cases, profits aren't large. So the business has two ways to cope: decrease costs or increase revenue. They can decrease costs by paying workers less or replacing them with machines. They can increase revenue by increasing costs. Both of these scenarios impact and harm the health care industry, driving up costs that you and I pay for our yearly checkup.
And, of course, the solution needn't be more government. Even if we assume the current system is broken--and it is--the argument that a singlepayer nationalized system is the best response is, well, doubtful. Health savings accounts could easily reduce the financial burden of healthcare, without reducing consumer satisfaction. Health savings accounts decrease costs with no adverse effects on health outcomes according to many studies.
Obamacare and other liberal solutions, like the ones Hillary championed in the 1990s, are not the way to fix our broken system. We need to allow the market to work, not continue to bog it down in regulation like we do today.
According to the CATO institute, regulations cost the health care industry $169 billion each year. Those costs fall solely on the consumer. Profits work like this: revenue - costs = profit. Easy. If you increase the costs, and the revenue stays the same, profits decline. And in many cases, profits aren't large. So the business has two ways to cope: decrease costs or increase revenue. They can decrease costs by paying workers less or replacing them with machines. They can increase revenue by increasing costs. Both of these scenarios impact and harm the health care industry, driving up costs that you and I pay for our yearly checkup.
And, of course, the solution needn't be more government. Even if we assume the current system is broken--and it is--the argument that a singlepayer nationalized system is the best response is, well, doubtful. Health savings accounts could easily reduce the financial burden of healthcare, without reducing consumer satisfaction. Health savings accounts decrease costs with no adverse effects on health outcomes according to many studies.
Obamacare and other liberal solutions, like the ones Hillary championed in the 1990s, are not the way to fix our broken system. We need to allow the market to work, not continue to bog it down in regulation like we do today.
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