Once again, we see an important principle at work: No matter how much the government controls an industry, when something goes awry, economic freedom will get the blame. When it did so, the advocates of Medicare (and fully nationalized medicine) blamed the (semi-)private providers of services, and now Obama threatens more control than they already endure. Critics warned that, as a welfare program, Medicare would explode beyond all official budget estimates.

In the 1960s the national government took over funding of medical care for the elderly. Obama has already recruited the competitiveness lobby, claiming that more centralized control of medical care will lighten (!) the burden on American business, enabling it to better compete against companies in countries with socialized medicine.Īnother strategy is to blame “private”-sector medicine for the out-of-control Medicare program, which has a $35 trillion unfunded liability and is helping to break the federal budget. Enlist the budget-deficit hawks in the effort to further bureaucratize decision-making in medical care. If we don’t reform how health care is delivered in this country, then we are not going to be able to get a handle on that.”

Economic illiteracy will be hazardous to your health.īarack Obama says, “he most significant driver - by far - of our long-term debt and our long-term deficits is ever-escalating health care costs.

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