Thursday, September 29, 2011

Life Before Medicare and Medicaid

Tom Woods cites a historian "who is no libertarian or conservative" as demonstrating, "The poor had not fared all that badly prior to Medicaid, thanks to the willingness of doctors and hospitals to dispense charity medicine" — Charity, Health Care, and the Free Market.

"Most of the government’s medical payments on behalf of the poor compensated doctors and hospitals for services once rendered free of charge or at reduced prices," concludes said historian. "Medicare-Medicaid, then, primarily transferred income from middle-class taxpayers to middle-class health-care professionals."

The Law of Unintended Consequences was unsurprisingly at play as well, as "medical price inflation fueled by Medicare itself helped erode much of Medicare’s benefits."

Labels: , , , ,

Bookmark and Share

2 Comments:

Blogger Pints in NYC said...

Speaking of medicaid:

Our governor, Andrew Cuomo, is seriously considering forcing NY taxpayers pay for people to get sex-change operations via Medicaid:

http://www.nypost.com/p/news/local/let_taxpayers_foot_sex_op_bill_panel_syVzH88veFSKLnSXA76w9O

September 29, 2011 at 10:14 PM  
Blogger Mark in Spokane said...

Don't worry, if ObamaCare is upheld by the Supreme Court, soon states will lose all discretion about what to pay for under Medicaid anyway. The contours and contents of the program will be dictated by the federal government completely.

September 30, 2011 at 1:54 AM  

Post a Comment

<< Home