H.R. 3200 Will Collapse Global Medicine
Very compelling analysis. Reality over rhetoric.
As a nation, we must be vigilant about our liberty before we lose it.
Reform healthcare, but not in the name of collectivism…
Not now. Not this way.
(via RealClearMarkets)
. . .
The United States is the engine of medical innovation in the world. The collectivist medical systems in other countries cannot generate wealth by themselves; the net effect of statism is wealth destruction. They survive by a de facto free rider strategy on the profits and innovation in freer countries. Without the capital and the technological breakthroughs from the United States, their systems would be instantly unviable.Other countries also strain to keep their socialized medical systems alive by initiating force against the private sector in every way permitted by modernity. They ration care or disallow treatments that are routine in the U.S. The imposition of drug price caps is widespread. France extracts massive sums of money from its people, including a 12.8% employer tax, a 5.25% income tax, and various other targeted taxes. Britain’s NHS runs a £1.3 billion deficit ($2.1 billion). Its annual budget is £100 billion ($160 billion, or $1.6 trillion over 10 years), serving a population one-fifth the size of that of the United States.
While other countries decry the selfishness of the U.S., out of necessity, they cheat on their own philosophy of collective welfare by cutting slack to the private sector in ways that would be intolerable to the proponents of H.R. 3200. This includes the capping of legal liabilities and allowing drugs to be brought to market cheaper and more quickly than current Food & Drug Administration standards would allow. Such allowances are right, but they highlight the fact that these systems are a house of cards.
. . .
Read the full article.
September 29th, 2009 at 3:40 pm
I’m sure the same oppressive regulations will still be in place, so, with ObamaCare there will be absolutely no incentive to create newer medicines.
And unless the NIH do the research, there won’t be any new research except by the 10th percentile folks out of med school who couldn’t get a job as a real doctor anyway, and that makes me feel very secure about the future of research, too.
The only problem any thinking person will have in the next few years is figuring out what country to flee to when the brownshirts take over, and deciding when to make that move before “internal travel restrictions” are imposed.