Obama and his administration argue that creating a government option for healthcare will make the market more competitive. This competition, he argues, will simultaneously lower the price of coverage while raising the quality of coverage.
If you think this sounds too good to be true, it’s because it is. Obama’s plan does not level the playing field; instead, it destroys the competition. Government ability to print money for its program as well as its control over legislation gives the government healthcare option a monopoly over the industry. Government is trying to participate in a game for which they created all of the rules.
The government cannot play both referee and competitor in the healthcare industry.
Similarly, government has a long history of bloated bureaucracy and insufficiency in providing personal services. Social security is falling apart. That is not necessarily the fault of the last few administrations, but it is a sign that we should avoid government intervention at all costs.
Although some recipients of medicare are pleased with their coverage and healthcare, that program is less efficient than privatized medicine. It is true that healthcare prices are continually increasing, but government programs have the greatest price leaps. Since 1970, medicare costs have risen every year, on average 34% faster than the rest of the healthcare industry.
Government should stay out of the healthcare industry. Not only are they likely to destroy the infrastructure of a trillion dollar industry, but government deficiencies can easily make it more difficult to receive healthcare.
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