In the rest of the civilized world, health care is not a profit-making venture. Oh, sure, doctors are well-paid, but your health decisions aren’t made based on money. While everyone else realized that making sure their citizens needed health care in the same way they needed fire departments, America moved in the opposite direction — and now we pay more for health care than anywhere else and don’t get any advantage from it.
Just look at this chart (click on it to make it bigger and easier to read) … you’d think with the amount of money we’re spending, we’d be the healthiest people ever. But no, we have lower life expectancy and higher childhood deaths than any comparable country. Partially that’s because a ton of that money goes to insurance companies, who provide no health care whatsoever, and partially it’s because we don’t cover preventive care. Instead, the insurance companies only concentrate on treating you after you’re sick.
Capitalism does not solve everything. The market clearly does not solve everything. There are many examples of this, especially in the area of health care.
And that’s why I get so frustrated with people who say the government should stay out of health care. Are these people not paying attention? We’ve done that. It hasn’t worked. All the evidence is against you.
Mostly it’s just people who have this ridiculous libertarian view that all government is bad. If only the government got out of our lives, they think, we’d all live in a utopian paradise. This despite the fact that this has never happened in the history of the world and whenever these sorts of things are tried, we end up with an unhealthy and broke populace (like now) and with markets that collapse and go into recession every twenty years or so. Yet these idealists continue in their dream for a world that has never exist and never could.