DawnODay
Literotica Guru
- Joined
- Dec 19, 2015
- Posts
- 3,120
That has worked so well in the US, hasn't it?
Thank you, oggbashan. By bringing up the experience of the USA, you have proven my point.
The USA had very affordable health care during the early decades of the 20th Century. After the 1950s, however, the federal government became increasingly involved in the healthcare market, particularly with the introduction of Medicare and Medicaid. These skew the market in a variety of ways, such as by affecting demand and by setting artificially low prices for services, for which healthcare providers must compensate elsewhere by charging higher prices to private individuals and insurers. This government interference in the market drove up the cost of private healthcare and insurance.
As it usually does, the federal government tried to solve problems its regulation of the market caused by more regulation, culminating in Obamacare. Rather than decreasing people's healthcare costs "by $2,500" annually as President Obama promised, it dramatically increased the cost of insurance by mandating various previously optional coverages, then requiring everyone to buy this overpriced insurance. This was a double-whammy that anyone who understood fundamental economics (such as the Law of Supply and Demand) knew would drive up prices, which it did.