Preparing for the health care debacle

That’s Peter Schiff on how the health care bill will destroy the private insurance market. The proposed bill doesn’t take effect until after 2012, conveniently bypassing the next presidential election. In 2016, when the scope of the disaster is dawning on people, they probably won’t tie it back to the 2009 bill. Instead, greedy insurance companies and speculators will be blamed, just as oil greedy oil companies are blamed for high gas prices instead of the devalued dollar.

Regardless of whether the health care monstrosity passes, the size of unfunded liabilities (most of which are health-care related) ensures that rationing will ratchet up in the next decade. It’s going to take longer to see the doctor, especially specialists. Fewer treatments will be available. The process will be even more bureaucratic. The wages of big government is poverty.

Start thinking in general about how to deal with your health situations when your doctor’s office is less available. If you rely currently on, say, monitoring your blood pressure regularly and you do this at your doctor, think about getting your own home unit. These are the kind of things where one could expect to see shortages.

Email arose to get around the postal service mail monopoly. Cell phones have circumvented heavily taxed and regulated local phone services. How will the free market circumvent the government health care monopoly?

I think you’ll see more trips to Mexico and other countries for medical care. Walk-in pay clinics? Great idea, although those will be threats to the gov’t system and likely there will be pressure to outlaw them. There is already a huge amount of medical data online, professional and homespun. Maybe we’ll see more businesses arise allowing people to ask questions of specialists on the internet. These will have to be careful with all the personal injury attornies out there. Another way would be to let people buy prescription drugs with cash, without seeing a doctor, but that will never be allowed for various reasons (almost none of them good). Maybe some enterprising people will come up with ways to do various medical tests and solutions at home. More of these would undoubtedly exist if it weren’t for government regulatory oversight that adds huge cost barriers to innovation.

By the way, if any of you make any of these ideas fly, I fully expect to be reimbursed.

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