The National Health Service in the United Kingdom is doing a great job at providing Britons with free health care except the opposite of that.
It’s a widely held view in the UK that health care is a “right.” Accordingly, the government set up a socialized medicine system that’s been praised by people like Bernie Sanders as evidence that those advanced Europeans are so much more compassionate than us heartless Americans who believe in economic freedom.
Now, the NHS is running out of other people’s money to spend. Trusts have recorded a deficit of £2.26 billion in the nine months that ended in December of last year.
The total deficit was £622 million worse than planned. It’s a good thing that, here in the United States, we don’t have a history of grossly underestimating the cost of the welfare state.
At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee estimated that Medicare would cost only about $ 12 billion by 1990 (a figure that included an allowance for inflation). This was a supposedly “conservative” estimate. But in 1990 Medicare actually cost $107 billion.
Okay, maybe we do.
But back to the UK: socialized medicine doesn’t just suffer from a financial deficit. It also has a quality deficit with 98,000 people waiting more than four hours for care because beds aren’t available.
But don’t worry about that. Bernie the Bolshevik says countries with socialized medicine obviously care.
UK Shadow health secretary Heidi Alexander says that the NHS is in “financial free-fall.”
But it works! Just ask Michael Moore.
Oh, and let’s not leave out the fact that doctors recently went on strike in the UK, too.
So what’s the outcome of all these setbacks in the midst of a healthcare system that looks great on paper even though it doesn’t work in real life?
“It means cuts to frontline staff, longer waits for treatment and services at risk of closure.”
Odd. It’s almost like free market economics is the best way to allocate resources.
Even healthcare resources.