Healthcare System Democrats Want Has Already Failed In Sweden
“If you like your doctor, you can keep your doctor. If you like your health insurance plan, you can keep your health insurance plan. Period.” That was the mantra that we heard over and over when the so-called Affordable Care Act (ACA) was being foisted upon the American people. It held the promise of significantly reduced cost, more coverage, expanded access, and higher quality. Of course anybody who actually read the bill without blinders on knew from the start that they were simply attempts to overcome popular resistance using dishonesty.
You could keep your plan as long as it remained frozen in time, but every plan changes, to at least some small degree, on a fairly regular basis, whether because of regulatory changes, union contract negotiations, or any other reason. In other words, you couldn’t keep your plan. It would be forced to comply with all of the ridiculous requirements of the act, or you would be forced into one of the mandated plans. Premiums, fees, and co-pays did not fall, they rose, often dramatically.
From the start, the ACA was not meant to be the end point. It was intended as just a step toward universal healthcare, with the Scandinavian model held up as the ideal. After all, look at Sweden or Denmark. They have (sort of) free health care for everyone. The Swedish government pays about 84%, with fees and co-pays paid by families making up most of the rest, but the systems are in a state of crisis. As we head into a new presidential election cycle, progressive politicians and media still promote the model as the target to aim for. A friend who has lived in Sweden his whole life has a different take on the Swedish healthcare miracle. Without the rose-colored glasses, he actually knows Swedish healthcare first hand.
Healthcare, as with every economic good, is subject to scarcity. Resources are limited, and new resources to replace those that have been consumed come, not from taxes and money creation, but only from production, from people actually creating things of value. As the people of Sweden are finding out, you can’t have unlimited free stuff and also increase access, decrease costs, and increase quality of care at the same time. Something has to give. Supporters of universal healthcare don’t like to recognize the reality of rationing, but even free markets ration goods and services. The difference is who does it. In a market society, consumers/patients do the rationing. They spend their money where it will give them the most benefit. With central planning, which describes universal care, bureaucrats do the rationing.
Healthcare planners have a couple of methods to allocate scarce resources while still pretending to have universal access. They can extend wait times and they can limit physical availability. Swedish healthcare planners do both. Local hospitals have been closed down, regionalizing facilities to cut costs, increasing personal burdens and restricting services. In one case, all doctors left a health center because of mismanagement and patient safety issues. In another instance, a pregnant woman under distress lost her baby because there was no room for her and no nurses available. In June, one person received notice that she would have to wait five years for necessary dental work. These are not isolated cases, but some of the many varied examples.
The irony is that Sweden and other countries held up as models are getting disenchanted with universal healthcare, and socialism in general. Over decades, they moved away from outright socialism, finding that economic reality doesn’t bend to emotions or good intentions. Choices must necessarily be made, but central planners can’t and don’t make, or even know, what the right decisions are for the individuals and families.
Originally published on Townhall Finance.
Daniel J. McLaughlin is the author of “Compassion and Truth-Why Good Intentions Don’t Equal Good Results.” Formerly a finance executive, he is now focused primarily on writing on economics, business, and politics. You can find him at daniel-mclaughlin.com.
Trending Now on Affluent Christian Investor
Sorry. No data so far.
The Affluent Mix
Biden Oblivious To Illegal Immigration Issues... August 2, 2021 | Frank Vernuccio

Rob Arnott On Bubbles, Inflation, And Once-In-A-Generation Investment Opportunit... August 2, 2021 | Jerry Bowyer

The Federal Reserve’s Massive Theft Of Stability... August 2, 2021 | Jim Huntzinger

What To Do About This Difficult Market? August 2, 2021 | David Bahnsen

Letter On The Politicization Of Corporations... July 26, 2021 | Jerry Bowyer

Peak Of The Fake Bull Market July 26, 2021 | Michael Pento

Woodrow Wilson’s Administrative State vs. Gold... July 26, 2021 | Jim Huntzinger

Dividends, Energy, And Crypto July 26, 2021 | David Bahnsen

Whose Side Are You On? July 26, 2021 | Frank Vernuccio

Media, Left Ignore These Dangers July 19, 2021 | Frank Vernuccio

Mark Skousen On FreedomFest And How To Measure The Whole Economy... July 19, 2021 | Jerry Bowyer

Quantifying The Quantitative, Or Making Easy The Easing... July 19, 2021 | David Bahnsen

The Gold Standard Means A Rising Standard Of Living... July 19, 2021 | Jim Huntzinger

Book Review: Brian Domitrovic Reveals The Monetary Genius Of Arthur Laffer... July 19, 2021 | John Tamny

Steve Forbes: Time To Worry About Inflation, Not Hyperinflation... July 12, 2021 | Jerry Bowyer

UFOs Rescue Biden July 12, 2021 | Frank Vernuccio

Read This Classical Economist’s 200 Year Old Warning About Paper Money... July 12, 2021 | Jim Huntzinger

How Central Banks Murdered The Markets July 12, 2021 | Michael Pento

Everything There Is To Know About The Stock Market... July 12, 2021 | David Bahnsen

AT&T CEO: We’re Ill Equipped For Politics, And We’re Spending A Lot Of ... July 6, 2021 | Jerry Bowyer

Internet Bias Distorts National Conversation... July 6, 2021 | Frank Vernuccio

The Halfway Point Of 2021 July 6, 2021 | David Bahnsen

Join the conversation!
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.