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The "Costs" of Medical Care
2009-11-03 12:33am PT   |   Total Score: 10 points   |   Average Rating: 5 out of 5   |   Post History   |   Visit Doc's Talk

 

Excerpt From Blog Post:


Thomas Sowell
Tuesday, November 03, 2009

We are incessantly being told that the cost of medical care is "too high"-- either absolutely or as a growing percentage of our incomes. But nothing that is being proposed by the government is likely to lower those costs, and much that is being proposed is almost certain to increase the costs. There is a fundamental difference between reducing costs and simply shifting costs around, like a pea in a shell game at a carnival. Costs are not reduced simply because you pay less at a doctor's office and more in taxes-- or more in insurance premiums, or more in higher prices for other goods and services that you buy, because the government has put the costs on businesses that pass those costs on to you.

Costs are not reduced simply because you...

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