Medicare/Medicaid (controlling prices)

My “simple” policy proposal is to abolish all government healthcare programs. Admittedly, only at the end of a long process of public education in Basic Economics and long and difficult process of deregulation will any progress on this front be possible.

The Medicare and Medicaid programs set prices for medical services and products which are guides for the other highly regulated medical service providers. In a free market, consumers would negotiate prices with providers and prices would fall to less than 10% of current prices.

My recent book is subtitle “100 Years to Freedom”. We have a long row to hoe.

 

Quantum physicist Max Planck (1858-1947) once said: “An important scientific innovation rarely makes its way by gradually winning over and converting its opponents. What does happen is that its opponents gradually die out, and that the growing generation is familiarized with the ideas from the beginning.”

Only by teaching high school students Basic Economics will it be possible to restore American Freedom. Most of academia are Socialists and the universities are teaching the students how to be good Marxists. Socialism is all the rage. We must re-educate our young people for freedom and the first step is to teach Basic Economics.