Medical Tuesday Blog
Car-Care is nearly as expensive as Health Care
September 16, 2015
The U.S. healthcare’s third-party payer system has created a national crisis where we are spending more than ever while failing to ensure access for our citizens. The health insurance system abets this crisis by adding administrative costs, regulatory compliance burdens, and bureaucratic interference. Many consumers are caught unwittingly in this vicious cycle fed by employer-provided benefits which further insulate healthcare consumers from the real costs of medical care, says senior fellow John R. Graham of the National Center for Policy Analysis.
There are interesting similarities between healthcare insurance and car insurance, and perhaps a few lessons one can learn from the other.
But there are key differences as well.
We do not expect our car insurance companies to provide us access to an oil change, nor would we purchase expensive insurance to cover every conceivable expense we might ever incur as car owners, yet, that is exactly how health insurance is modeled. Obamacare only doubles-down on this fatal flaw.
“Obamacare was a significant tightening of [the government’s] grip, but it won’t be the last as long as we accept that insurance should control access to health care.”
Source: John R. Graham, “Why There’s No Car-Care Crisis,” Real Clear Policy, September 11, 2015.
Government is not the solution to our problems, government is the problem.
– Ronald Reagan