Public health programs account for almost half of the $2 trillion spent on U.S. health care, a Hoover Institution report says. An astonishing 80% or more of all medical-care pricing is based on government reimbursement rates set by Medicare.
As for private costs, they would be lower if government didn’t interfere in the market. Regulations imposed on the industry cost more than $330 billion a year, Hoover says.
Perverse tax policies have created a third-party payer system. Patients no longer have first-dollar responsibility for medical bills thanks to employer insurance.
Someone else is paying, so inflation goes unchecked and unabated. […]
So if Uncle Sam made health care so unaffordable, why do so many voters like Democrats’ plans to expand government control of health care? Because they’ve bought into the myth that the private sector has failed and begs for government rescue.
Democrats’ solution to this failed government-heavy system is more government in the form of mandatory health coverage. Public plans offered by Hillary Clinton, John Edwards and Barack Obama all boast of “using government to lower costs and ensure affordability for all.”
But if you think health care is expensive now, just wait until government makes it “free.”[…]
There’s more, but I couldn’t have said it better myself.