The Healthcare Paradox

Here is the paradox. It is working out this way just as it should given natural law and self interest. The more health insurance there is in force, the less healthcare doctors will provide.

Patients everywhere are discovering that doctors are now treating patients as if they are following a script of some kind. A doctor’s income now depends more on satisfying the needs of different insurance carriers than it comes from actually treating patients. Service from medical practices is getting worse with each passing day. Do not expect any improvement as long as a mandatory insurance law is in place.

The healthcare industry is now completely devoid of any free market influences. Guess what? Free markets are the only generators of good will that exist.

The worst possible circumstance in any market is the situation where buyers are 100% bound by free market forces and sellers are completely free from free market influences.

In the current environment a doctors spend 7 to 15 minutes with patients and rely totally on blood work and statistical models for advising patients.

The health insurance driven healthcare system is the one Americans have let their representatives adopt. It is expensive to do it that way but in days to come the biggest cost will come from lost lives.

 

 

About James Quillian

James Quillian is an independent scholar and economist.
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