OK, so we know that we can fix the education system with a dose of private enterprise. But what about health care? Surely, with the spiraling costs of health care, there is no substitute for a large government presence?
Not according to Canadian psychiatrist David Gratzer. In The Cure: How Capitalism Can Save American Health Care, he proposes that the current government-dominated system be replaced with a new system free of spiraling costs and bureaucracy.
In an interview with Jamie Glasov he explains his approach.
American health care is so expensive because it’s so cheap. That is, with Americans paying just 14 cents out of pocket for every health dollar, there has been little incentive for people to economize their health expenses.
So what is to be done?
Make health insurance more like other types of insurance; Foster competition; Reform Medicaid, using welfare reform as the template; Revisit Medicare; Address prescription drug prices by pruning the size and scope of the FDA.You can order the book from Amazon, of course, or you can go to Dr. Gratzer’s op-eds.
Here’s “For Health Care Woes, a Capitalism Perspective” in the Washington Post.
The problem is, of course, that we Americans expect to have other people pay for their health care. And they have organized their lives on that basis. To change that system will create discomfort for millions.