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Would a Single-Payer Health Care System Save Money?

Robert Frank wrote an op-ed in the New York Times last week called “Why Single-Payer Health Care Saves Money.” He points out that ObamaCare “is an inefficient system” and should be replaced with a single-payer system that will sharply reduce administrative costs, and government agencies can negotiate much better terms with service providers like UnitedHealth Group.

But what Frank ignores is the incredible cost of a single-payer system that allows everyone to get a valuable commodity called “medical care” at no marginal cost — in essence, for free. The taxpayer foots the bill. This is the system in place in England, Canada and most of Europe, often resulting in shortages (long waiting times for surgery, MRIs, etc.) and lack of access to the latest biotechnological breakthroughs that American firms provide.

Click here to read the full article on stockinvestor.com, “Would a Single-Payer Health Care System Save Money?

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Dr. Mark Skousen shares his view on whether single-payer health care system would actually save money for the government.

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Would a Single-Payer Health Care System Save Money?

Dr. Mark Skousen shares his view on whether single-payer health care system would actually save money for the government.

Robert Frank wrote an op-ed in the New York Times last week called ??Why Single-Payer Health Care Saves Money.? He points out that ObamaCare ??is an inefficient system? and should be replaced with a single-payer system that will sharply reduce administrative costs, and government agencies can negotiate much better terms with service providers like UnitedHealth Group.

But what Frank ignores is the incredible cost of a single-payer system that allows everyone to get a valuable commodity called ??medical care? at no marginal cost — in essence, for free. The taxpayer foots the bill. This is the system in place in England, Canada and most of Europe, often resulting in shortages (long waiting times for surgery, MRIs, etc.) and lack of access to the latest biotechnological breakthroughs that American firms provide.

Click here to read the full article on stockinvestor.com, “Would a Single-Payer Health Care System Save Money?

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Sign up to the Human Events newsletter

Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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DONKTUM: Restricting the Range of Consciousness.

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Lauren Southern’s Borderless Deleted By YouTube. ENOUGH.

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