Posts Tagged ‘Medicare’

Stefan MolyneuxOn his July 11, 2013 appearance on the Nomad Capitalist Report, Stefan Molyneux revealed (at 4:17 with pause words removed):

This is true in the U.S. in some ways, just as it is in Canada. You have massive and perverse incentives to up the cost of surgeries. And, so for instance, when I got a lump removed from my neck, they gave it a biopsy, and I was originally sent a bill for $4400, for the biopsy. And, through negotiating, I said, “no, no, no, I’m not insured — I pay privately. And they wrote back and they said oh, oh, ok, well then it’s only $400, and we negotiated down from there.

For more on the problems with U.S. government-regulated and funded health care, see my articles:

1) A $1875 Medicare ultrasound bill versus my $100 OHIP bill

2) What Medicare costs: Stephen Lendman’s $1875 ultrasound bill

3) Medicare cost 744% more than forecasted by 1990 — 25 years after its inception in 1965

4) The first step in health care reform: recognizing that health care is not a right

For more on Stefan Molyneux, see my articles:

1) A heated discussion between Stefan Molyneux and Jan Irvin on gold

2) Stefan Molyneux does hate the state, and Walter Block of the Mises Institute, doesn’t

3) The most free societies sow the seeds of their own destruction?

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An old microphone

I covered the following articles on my second episode of Exposing Faux Capitalism on Oracle Broadcasting on July 1, 2012:

1) Jason Erb discusses alternative economics on Truth Hertz with Charles Giuliani

2) A $1875 Medicare ultrasound bill versus my $100 OHIP bill

3) Western mass media, I utterly reject your warmongering propaganda against Syria’s Assad

4) The “We are the 99 percent” false frame

5) June 26, 2012: A day of important articles on LewRockwell.com

And I took a caller in the second half of the last hour.

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StethoscopeIf you think Obamacare is a great idea, consider the Medicare bill for a simple procedure. Stephen Lendman revealed how a simple 15 to 20-minute ultrasound procedure cost Medicare $1875.

Meanwhile, for a 10-minute ultrasound procedure that I recently had at a private clinic in Ontario, Canada, it only cost around $100, and was paid for by the provincial government.

Someone told me that if it wasn’t for Medicare, seniors could scarcely afford treatment. Yet, in my view, Medicare is exactly part of the problem.

Medicare, like the Ontario Health Insurance Plan, is a single payer system, yet Medicare has the entire U.S. tax base of over 313 million residents, whereas OHIP only has a tax base of nearly 13 million residents.

The fact that Medicare is a national, centralized system is part of the reason why it’s so costly and inefficient.

Since the federal program of Medicare is so expensive, what would make anyone think that Obamacare will be so much more efficient, when former Speaker of the House, Nancy Pelosi, has said: “we have to pass the bill so that you can find out what is in it.”

Previously, I wrote the article, Medicare cost 744% more than forecasted in 1990 — 25 years after its inception in 1965.

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On the May 27, 2012 episode of the Progressive Radio Newshour with Stephen Lendman, he revealed what Medicare was billed for his recent 15 to 20-minute ultrasound procedure.

At 13:37, he said:

For this simple procedure, the bill was $1875.

For more on health care, see my article, Medicare cost 744% more than forecasted by 1990, 25 years after its inception in 1965, and, The first step in health care reform: recognizing that health care is not a right.

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The first step in my health care reform plan is simply this: recognizing that health care is not a right.

How can I be so cruel as to say that? How can anyone be so cruel as to say otherwise?

To say that health care is a right means that you have a right to someone else’s labour. Do others have a right to your labour, or is your labour your own, to use it as you see fit?

Communism is a system that holds that some have the right to the labour of others. Communism co-founder, Karl Marx, stated in 1875: “from each according to his ability, to each according to his need.

I understand the well-meaning intentions of those who say that health care is, and should be, a right. However, a right is an entitlement. How can you be entitled to the work of a doctor, a nurse, or any other health professional, as a matter of birth?

If health care truly was a right, then that was quite the oversight by the Founding Fathers of the United States, in not including it in the Bill of Rights in 1789. But it wasn’t an oversight. They recognized that it wasn’t a right.

The consequence of recognizing that health care is not a right, I believe, is to put the focus back where it properly belongs, as to who is ultimately responsible for their own health — the individual. There are those who are unable to properly care for themselves, as there has been since the dawn of time. Those people should be appropriately cared for, as matter of public interest, not as a matter of right, as well as all others. But just because it’s in the public interest to take care of all individuals, doesn’t make it a right, nor necessitate the method of care.

These days, health care is often taken to mean expensive diagnostic equipment, treatment with expensive drugs, expensive private health care plans with high overhead, and unsustainable government health plans, such as Medicare, which, as I previously documented, cost 744% more by 1990 than previously estimated at its inception, in 1965.

Modern health care has regressed from the basic principles of the father of modern medicine, Hippocrates, who stated: “Let food be thy medicine and medicine be thy food.

Instead of a proactive, preventative approach to health by the individual, the focus has regressed to a reactive, expensive third-party approach, and this must change.

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On Monday, November 9, 2009, financial analyst Charles Goyette was on Coast to Coast AM.

In the third hour of the program, at 21:28, he stated that when Medicare was introduced in 1965, it was estimated to cost $9 billion by 1990. Instead, he said, it actually cost $67 billion by then — a 744% underestimation.

Do you trust the cost estimates of any of the current federal health care reform bills to be any more accurate this time around?

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