The Real Healthcare Problem is Cost (Townhall.com) October 27, 2009
Posted by daviddavenport in Radio Commentaries.Tags: Healthcare Reform
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President Obama has declared that the problem with healthcare is access.
Courtesy of Townhall.com
But with healthcare costs increasing 8-10 percent a year, isn’t the larger problem cost? Unfortunately Obamacare will only make that problem worse.
The bill on the sticker of his plan is $1 trillion , give or take a few billion. But underneath the sticker price lie pressures that will push costs even higher. When everyone has insurance, more money will be spent on healthcare. Under the similar Massachusetts plan, access went up but so did costs—up 80 percent in 3 years. One reason is that cost controls, which proponents count on, simply don’t work.
As Hoover economist John Cogan put it, healthcare is as big as the Chinese economy and growing as fast as the Indian economy. What we need are more market alternatives, not more regulation and inefficient, government-run programs.
David Davenport 
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