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Health Mises Institute

Details: Health. Blog. 03/03/2021 Gilbert Berdine, MD. The covid vaccine experience in Israel shows that one death is prevented for every 26,000 vaccine jabs, at a cost of $1 million. A single hospitalization is prevented with every 5,000 jabs, at a cost of $160,000 each. Read More.

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The Medical Marketplace, Free and Unfree Mises Institute

Details: The RAND Health Insurance Experiment was a prospective social experiment (and to this date, the only social experiment) in which health insurance with different levels of benefit coverage was randomly assigned to individuals, and subsequent health outcomes were compared across experimental groups. The results showed that while spending

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Health Care for All! Mises Institute

Details: Health Care for All! Tags Health Taxes and Spending Fiscal Theory. 06/10/2003 Christopher Mayer. The specter of universal health care coverage has emerged again, as Democratic presidential candidates grope around for vote-getting ideas. Each of the candidates has put forth a plan and they are similar in at least one respect.

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The Myth of Free-Market Healthcare Mises Institute

Details: Most members of the state medical boards are appointed by the governor. State and county medical associations, medical specialty societies, large medical group practices, HMO's, health insurance companies, chain and wholesale pharmacies, and large hospital chains contribute heavily to the campaigns of candidates for governor and attorney general.

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The Economics of Healthcare: Market Failure or Faulty

Details: 06/24/2019 Michel Accad, MD Anish Koka Robert P. Murphy. It is commonly believed that healthcare is a sector plagued by “market failure.”. A heavy dose of government intervention is therefore necessary to optimize the needs of society. A paper most commonly cited in support of that view is one published in 1963 by Nobel Prize winner Kenneth

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The Rise of the Medical Bureaucrat and Centralized Health

Details: The Rise of the Medical Bureaucrat and Centralized Health Care. Tags Health Prices Value and Exchange. 07/14/2015 Michel Accad, MD. In contrast to the expected shortage of tens of thousands of physicians, there appears to be an abundance of health care administrators. Economists and physician-activists at Physicians for a National Health

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One Hundred Years of Medical Fascism Mises Institute

Details: The Rise of Health "Insurance" In the early 1900s, prepaid health plans were created for the timber and mining workers of Oregon and Washington to help offset the inherent risks of those industries. Within a free-market, for-profit insurance system, claims were closely monitored by adjusters.

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Lottery Racket, The Mises Institute

Details: Last year, 37 state lotteries and the lottery in the District of Columbia generated $35.8 billion in sales and $11.8 billion in profits, according to the state lottery organization that compiles this sort of data. Sales and profits of state lotteries generally grow at an annual rate of about 4%.

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The Health Czar Can't Calculate Mises Institute

Details: The Health Czar Can't Calculate. Experts agree that our healthcare system is unsustainable and in need of reform to promote better coordination, accountability, outcomes, and cost effectiveness. [1] Regrettably, they also seem to agree that we need a robust central-planning authority — a health czar — to make this coordination happen.

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How Medical Boards Nationalized Health Care Mises Institute

Details: How Medical Boards Nationalized Health Care. The negative impact of high healthcare costs on the national economy may not be fully recognized. At over $1.4 trillion a year, healthcare costs represent 15%—approximately a seventh—of our total gross domestic product. Our annual cost per capita, $4,662.00, is nearly double that of health care

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Employer-Provided Health Care Is Not a Religious Issue

Details: The fact that opponents of private property rights have managed to frame the debate over health-care mandates as some sort of religious issue is one of the great public relations coups of our time.. Note below, for example, the top of a full page ad in the New York Times taken out by a group called the Freedom From Religion Foundation.. After approvingly quoting eugenicist Margaret Sanger, …

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The Public Health Officials Say "Trust Us." The Data Says

Details: The Public Health Officials Say "Trust Us." The Data Says Otherwise. I hate to be the bearer of bad news, Ben Shapiro, but feelings trump facts when it comes to covid-19. This is thanks entirely to the love triangle forged between the corporate press, government officials, and tech giants whose sinister and divisive campaign of fear and

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Not Every Health Condition Is Insurable Mises Institute

Details: Not Every Health Condition Is Insurable. With all the discussion over the need for healthcare in the U.S., one question is never asked: is a person’s health insurable? The Austrian economist Ludwig von Mises helped clarify what types of events are open to insurance when he defined two types of probability.

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100 Years of Government's "Managed" Health Care Mises

Details: With this increase in prices, health access inequalities separating those holding health insurance from those without it increased. Act Three was the establishment of government insurance programs to provide coverage for those most disenfranchised by the rapid expansion of employer-based health insurance, namely the elderly and the poor.

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Healthcare Intervention: The Bigger Picture Mises Institute

Details: Healthcare Intervention: The Bigger Picture. Tags Big Government Health Taxes and Spending U.S. Economy. 03/24/2010 Doug French. "The Mises Institute is the intellectual source for an enlightened future." The prospect and reality of Obamacare have woken up many people to the need to stop the socialization of medical care in America.

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The Health-Insurance Market Is Not Free Mises Institute

Details: For instance, by the early 1960s, General Motors was paying 100% of the healthcare bills for their employees (retirees included). $20 $15. So, anyone who claims that the high costs of health insurance originated in the "free market" is either severely mistaken or lying. There are certain groups that profit from these governmental policies

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Understanding the Costs of Healthcare Mises Institute

Details: The federal government would also promote preventative care and nonprofit health clinics. Senator Baucus has proposed a new plan whereby people who do not buy health insurance will be fined $3,800. These fines will force people to buy insurance, and this will spread costs more broadly. Economist Paul Craig Roberts criticizes proposals for

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Socialized Healthcare vs. The Laws of Economics Mises

Details: Socialized Healthcare vs. The Laws of Economics. The government's initial step in attempting to create a government-run healthcare monopoly has been to propose a law that would eventually drive the private health insurance industry out of existence. Additional taxes and mandated costs are to be imposed on health insurance companies, while a

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Medical Freedom Summit Mises Institute

Details: Health "insurance" no longer insures against major events, but instead pays for basic services in almost unbelievably complex ways. Patients don't care about prices, but only about being "covered" — coverage they often lose when unemployed.

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A Four-Step Healthcare Solution Mises Institute

Details: A Four-Step Healthcare Solution. It's true that the US health-care system is a mess, but this demonstrates not market but government failure. To cure the problem requires not different or more government regulations and bureaucracies, as self-serving politicians want us to believe, but the elimination of all existing government controls. It's

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The Relentless Process of Socializing Health Care Mises

Details: If health care benefits were included as taxable income, then American employers would have no clear advantage to providing their employees with health insurance. Since federal tax law allows employers and their employees to avoid IRS and payroll taxes, there is an advantage in offering health benefits along with salaries, instead of offering

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Government Medical "Insurance" Mises Institute

Details: Hence, the call for national health insurance. But why are rates high and increasing rapidly? The answer is the very existence of healthcare insurance, which was established or subsidized or promoted by the government to help ease the previous burden of medical care. Medicare, Blue Cross, etc., are also very peculiar forms of "insurance."

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Bob Murphy: Government Medicine is Killing Us Mises

Details: Bob Murphy: Government Medicine is Killing Us. Tags Big Government Health. 10/30/2015 Robert P. Murphy Jeff Deist. Bob Murphy is our returning guest this weekend, as we wrap up a three-part series on the lousy, anti-market healthcare system in the US. He’s co-authored a terrific new book called The Primal Prescription, which may well be the

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How the Experts Are Wrecking Healthcare Mises Institute

Details: Central health planners, according to Gabriel E. Vidal, rely on cost reports submitted by providers. This cost data is then pushed through mathematical models and additional data generated by government, such as inflation and regional-labor-cost modifiers, to unilaterally (or in agreement with lobbyists and industry groups) determine what the prices for services should be.

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Canadian Health Care Mises Institute

Details: If health care in Canada operated in a free market environment, the doctor would have every incentive to give accurate medical information because the patient is the direct payer. Since the patient would be responsible for payment, they would be able to freely to shop among competing physicians and clinics to find the best deal available.

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The Truth About SwedenCare Mises Institute

Details: The reality is that Swedish healthcare is the perfect illustration of the tragedy of central planning. It is expensive and — even worse — it kills innocent people. Free universal healthcare came about in the 50s as part of the Social Democratic project to create the “People’s Home” (Folkhemmet).

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How To Rollback Bad Health Care Laws Mises Institute

Details: Michel Accad, MD, practices cardiology and internal medicine in San Francisco, offering individualized care in a free-market setting. His blog about health care and medicine is AlertandOriented.com. He also co-hosts the Accad And Koa Report podcast. Anish Koka, MD, is a cardiologist in Philadelpia, Pennsylvania.

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Why is Medical Care so Expensive

Details: By now, in 2006, Medicare provides health benefits for 41 million elderly and disabled persons, and Medicaid, a joint federal-state program, serves some 50 million poor beneficiaries. It is the fastest-growing item in most state budgets and accounts for some 20 percent of total state spending.

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The Soviet Medical Nightmare Mises Institute

Details: The Soviet Union was the first country to introduce a fully nationalized healthcare system. To the cheers of Western "progressives," Lenin signed a decree in 1919 stating that every Soviet citizen had a right to free medical care. Looking at the history of Soviet health decrees, it appears as if the system has been improved every year.

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The Economics of ObamaCare Mises Institute

Details: Health insurance policies must meet minimum standards (called “essential health benefits”), including no caps on annual or lifetime payments from the insurance companies for an individual policy. Everyone is required to obtain health insurance, except for waivers granted for certain religious groups and those deemed to be unable to afford

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What New York Didn't Need Mises Institute

Details: What the terrorists didn't do to New York, the politicians will. Mayor Michael Bloomberg recently signed an 18 percent real estate tax increase into law. This was designed to close the city's $5 billion dollar budget gap, a remarkable amount of red ink given that the city's bloated budget is some $42 billion. The Republican mayor was determined

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What True Health Care Reform Would Look Like Mises Institute

Details: What True Health Care Reform Would Look Like. With the relatively recent passing of America’s new healthcare law; the Affordable Care Act (Obamacare), the topics of healthcare, health insurance, prices and reform have been particularly hot lately. This of course does not mean that the controversies surrounding the American healthcare system

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Nowadays, Health Insurance Isn’t Really Insurance Mises

Details: Health plans are wealth transfers that bestow known and predicable benefits on the few while leaving all at risk of the vagaries of life. So, let’s not claim that our system of government-regulated health care system is insurance. Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

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The WHO’s Bias Against Free-Market Healthcare Mises

Details: 12/22/2014 Matt Battaglioli. One of today’s most commonly referenced statistics against a free-market healthcare system, is the World Health Organization’s ranking of healthcare systems around the world. It places countries with socialized medicine like France (ranked no. 1) at the top, and ranks the United States as low as no. 37.

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Nudge: Improving Decisions About Health, Wealth, and

Details: Mises Review 14, No. 2 (Summer 2008)NUDGE: IMPROVING DECISIONS ABOUT HEALTH, WEALTH, AND HAPPINESSRichard H. Thaler and Cass SunsteinYale University Press, 2008, x + 293 pgs.Thaler and Sunstein have set themselves a seemingly impossible task.

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Health Care Interventionism: A Case Study Mises Institute

Details: Health Care Interventionism: A Case Study. We are often told that 40 million Americans lack health insurance, and that this is a scandal caused by greedy health care providers in the private sector constantly raising health care costs. This simply must be true because it is told to us by Those Who Care. Of course, there is much more to this

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The Covid Cult Mises Institute

Details: The Covid Cult. Tags Big Government Health. 11/20/2020 Thomas E. Woods, Jr. This is the greatest public health fiasco in the history of the world, and the media has distorted it so badly, that much of the general public is celebrating villains and hissing at heroes. And, even — perversely enough — celebrating the destruction of their own

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Murray Sabrin's New Book on Escaping Medical Fascism

Details: On the heels of Biden's vaccine mandate announcement, Dr. Murray Sabrin joins the show to discuss his new book on escaping the state's medical fascism. Universal Medical Care from Conception to End of Life lays out the sobering reality of our unsustainable "health care" system. It explains the ruinous policies which changed doctors from respected guardians of patients to …

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How Third-Party Payers Drive Up Medical Costs Mises

Details: Meanwhile, recent research from the Center for Impoving Health Care in Colorado (CIVHC) has shown that there are vastly different prices for the same simple treatments at different hospitals. For instance, the simple procedure of a colonoscopy can range in price from $400 to $2,800, depending on where it is conducted.

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Libertarian Paternalism Mises Institute

Details: Tocqueville long ago warned against the policies of which libertarian paternalism is an example: Above this race of men stands an immense and tutelary power, which takes upon itself alone to secure their gratifications and to watch over their fate. That power is …

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Socialized Medicine in America Mises Institute

Details: Potentially even more dangerous is the Model State Emergency Health Powers Act (MSEHPA), which would grant state governors immense powers in the event of a public health "emergency," a condition that exists when so determined by the governor, of course. We'll take each of these in turn. Medicare Reform

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Private-Sector Health Care Leads the Way Mises Institute

Details: Private-Sector Health Care Leads the Way. Tags Free Markets Health Entrepreneurship. 12/03/2008 Chris Brown. It is easy to criticize the US healthcare system, but we should be clear on one thing: it is not "free market" or "private" healthcare. A free market in healthcare would be more efficient and innovative, and offer better quality products

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Pandemic Ethics: Is Public Health Out of Control

Details: Pandemic Ethics: Is Public Health Out of Control? Our guest is Euzebiusz (Zeb) Jamrozik, MD, PhD, a practicing internal medicine physician and fellow in ethics and infectious diseases at the Wellcome Centre for Ethics and Humanities at the University of Oxford. He is head of the Monash-WHO Collaborating Centre for bioethics at the Monash

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Don't Trust Cuban Health Care Statistics Mises Institute

Details: We've long been told that Cuba's health care system is one of the greatest in the world. In spite of the fact that health usually correlates with wealth in national statistics, we're assured that Cuba's obvious poverty is offset, at least in part, by amazingly low infant mortality rates and life expectancy. But in a new short article for the journal Health Policy and Planning,

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