Freedom of Contract in Healthcare deals.
My case for Free Market Healthcare, or at least the closest in-practice policy to it.
Alright, so I am seeing the debate of healthcare and apparently we can all agree that the healthcare status quo is totally not what anyone needs.
However, I am going to make the case for a free market healthcare and I am going to also explain why I think Singapore is the closest one on the planet to getting healthcare policy done right.
Exhibit A ~ Definition
A system of free market healthcare is one where prices for healthcare items and labor are set freely by the laws of supply and demand, and where the individual's freedom of contract is unconditional for all of the buyers, sellers and workers.
Exhibit B ~ Affordable Care Act
Basically the ACA is neither universal healthcare nor free market healthcare, but rather a mandate to buy corporate health insurance. Meaning this law is, or was depending on if it has been scrapped yet, a gift to billionaire pharmacies who despise market competition.
Exhibit C ~ Supply and Demand
When medical demand is bigger than medical supply, medical expenses ought to go up. But if medical supply is bigger than medical demand that is when medical expenses ought to go down. And I say 'ought to' because I notice that there is no compliance from anyone with entry level supply and demand. That is because at some point in American history, we abandoned the laws of supply and demand. This was part of us allowing the 1880's and 1890's anti-Enlightenment movement known as romanticism to brainwash us into thinking that every policy arrived at through hysteria and fear mongering is Morally Good and that every policy arrived at through scientific learnings like the learning of supply and demand among others is Morally Evil.
Exhibit D ~ Singaporean Healthcare Policy
Singapore, ah yes Singapore. Their brand of universal care the closest healthcare policy to any nation to a free market healthcare. Frankly what they do there is they spend enough of their impost [import tax] and excise [sale tax] revenue on health price reduction to encompass 1% of their national GDP. Private charities spend enough on health price reduction to cover a further 2% of national GDP. While private market forces assure 2/3 of the affordability, they perform 100% of the direct medical production. The result for them is the 2nd lowest infant mortality on Earth and the number one longest life expectancy!
Closing Remarks
Of course, there are many arguments to make for or against Singapore style healthcare policy and what it has to do with FMHC or with UHC. But overall, Singaporeans have the most freedom of medical contract and freedom of medical choice of any nation-people on Earth and thus are the healthiest on Earth. Questions or comments, anyone?