It amazes me that articles like this are necessary. That so many people seem to believe that the fundamental principles of Economics simply no longer apply when you’re talking about medicine (or “health care” as they like to call it these days).
The facts are very simple. Everyone on the left (and many on the right) would like you to believe that through government intervention, we can increase the quality of medicine, increase the total amount of medicine provided (by providing insurance to those who currently have none) AND lower the cost of medicine, all at the same time.
Anyone who is even familiar with the concept of a supply and demand curve will immediately know that this is impossible. The only way to accomplish such things is through massive technological innovation combined with a fair amount of time. But nobody advocating for state control of medicine is proposing that this will be achieved through technological innovation. They are proposing that it will be achieved by adding an extra layer of bureaucracy.
When someone looks you in the eye and claims that more bureaucracy will increase the quality of a service, the amount of a service, and decrease the cost of a service, that is the very definition of refuge in audacity. A smaller lie would easily be detected and discredited, but such a huge and obvious lie is assumed to have some credibility.
Thomas Sowell says it best…