“ A Four-Step Healthcare Solution” by Hans-Hermann Hoppe
1.“Eliminate all licensing requirements for medical schools, hospitals, pharmacies, and medical doctors and other health-care personnel.” Doing so would immediately make it cheaper to become a worker in the healthcare industry. With more production comes more competition. This would lead to a drop in the overall price of healthcare. The market tends to lower prices through competition, not increase prices through monopolization. That is what the government does by regulating and nationalizing industry.
2. “Eliminate all government restrictions on the production and sale of pharmaceutical products and medical devices.” This would, of course, lead to the abolition of the FDA. FDA approval is a long and expensive process that is frequently unreliable .
3. “Deregulate the health-insurance industry.” This is perhaps the largest problem in the States. When politicians discuss healthcare, they are attempting to find more ways the government can get involved with insurance. One of the biggest problems involves government non-discrimination policies that make it a crime to exclude potential customers. Insurance is ultimately gambling. If an insurance company can’t refuse to cover those at a greater risk, then costs will naturally increase for everyone.
4. “Eliminate all subsidies to the sick or unhealthy.” Subsidies encourage the behavior it is subsidizing. If the US eliminates subsidies to the ill, then the need for healthcare will soon diminish as people will be more risk-averse.
2. “Eliminate all government restrictions on the production and sale of pharmaceutical products and medical devices.” This would, of course, lead to the abolition of the FDA. FDA approval is a long and expensive process that is frequently unreliable .
3. “Deregulate the health-insurance industry.” This is perhaps the largest problem in the States. When politicians discuss healthcare, they are attempting to find more ways the government can get involved with insurance. One of the biggest problems involves government non-discrimination policies that make it a crime to exclude potential customers. Insurance is ultimately gambling. If an insurance company can’t refuse to cover those at a greater risk, then costs will naturally increase for everyone.
4. “Eliminate all subsidies to the sick or unhealthy.” Subsidies encourage the behavior it is subsidizing. If the US eliminates subsidies to the ill, then the need for healthcare will soon diminish as people will be more risk-averse.
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