European Health Care: Economic Malpractice

[Geee]

American Thinker:


Any reasonable person does not take satisfaction in the failure and destruction of another. This is especially true when the other is innocent of any wrongdoing or lack of judgment.

Yet sometimes, epic failure can constructively serve as an example of what not to do. If the individual states of our nation are a laboratory of democracy, then the states of Europe are the laboratory of socialism. What we are witness to in Greece, and eventually in Spain, Italy, and possibly France, is the painful death of the welfare state.

Credit markets are locking up all over the continent; meanwhile, trillions have been pumped into their banks in an effort to keep them afloat. But their situation is so bad that they cannot even take the risk of making business loans. Employment is shrinking, and tax revenues are falling. Internally, the socialist cash-machine is running empty as other people's money dries up. It is all happening just as reader of American Thinker foresaw.

The welfare state's demise, long inevitable, will be painful and ugly, and it will harshly impact the weakest and the most innocent of the population. After all, the welfare state defies the laws of economics and the laws of mathematics. Take notice as the liberal and socialist agitators and pundits shake their collectivized fists at the sky and curse the gods without any noticeable change. The facts on the ground will do what they will, despite rhetoric or political pontifications coming from any quarter.

One of the first organs to fail is the socialized health care program. No matter its stated merits, a serious and impactful socialized medicine program is simply too expensive for any state to long sustain.

For months prior to the passing of ObamaCare, we were told -- repeatedly -- how it would "bend the cost curve downward" and open up better health care for millions of Americans...all at the same time!

The problem is that the pundits on the left at the time and still today don't even believe their own rhetoric. In fact, they are either living in a fantasy land that never existed or simply lying.

[Geee]

My son told me yesterday that when the new baby comes next month, his monthly health care premium will be more than his mortgage - for four people!