Monday, July 23, 2012

Government Medical "Insurance" - Murray N. Rothbard - Mises Daily

Government Medical "Insurance" - Murray N. Rothbard - Mises Daily: " it is impossible, under third-party insurance, to prevent a gross decline in the quality of medical care, along with a severe shortage of the supply of such care in relation to the swelling demand.

Everyone old enough to remember the good old days of family physicians making house calls, spending a great deal of time with and getting to know the patient, and charging low fees to boot, is deeply and properly resentful of the current assembly-line care. But all too few understand the role of the much-beloved medical insurance itself in bringing about this sorry decline in quality, as well as the astronomical rise in prices."

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