Do We Have a Free-Market Medical System?
Posted on January 19, 2018 by Hunter Lewis
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Edward K. Glassman, my long ago Harvard classmate, author of Dow 36,000 (predicting Dow at that level by 2005), and current director of the George W. Bush Institute, extolls our free market medical system at FoxNews this week. The first reader to comment on the article agrees that we have a “ free market” system, but thinks that “profit based healthcare” should be “outlawed.” Another reader thinks that we actually have “socialized medicine.”
So what do we have? I think the most apt description would be “crony capitalist” medicine, one in which powerful special interests conspire with government officials to create legally mandated monopolies, with the specific goal of thwarting free market competition.
Here is how it actually works:
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- Most people wonder why there are no visible prices in medicine.
- These monopolies are further sweetened for doctors by legally barring nurses,
- drug companies claim a legal monopoly when they patent a drug. The drug research may have been done by the government or by a university using government money
- the FDA approval process eliminates any competition
- FDA enforcement
No, this is not a free market system nor anything remotely close to one.
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It’s obvious that Obama/SCOTUS/Trump care merely seeks to perpetuate and extend this corrupt cronyism.
The obvious solution is to withdraw consent as much as possible.
Seek to avoid the “medical establishment” as much as possible.
Take all their diktats as recommendations. Take responsibility for your self. Take issue with the powers that be at every opportunity.
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