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Professor Hoppe on Socialized Health Care

  • Democracy: The God that Failed by Hoppe
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07/17/2012

"With the socialization of the health care system through institutions such as Medicaid and Medicare and the regulation of the insurance industry (by restricting an insurer's right of refusal: to exclude any individual risk as uninsurable, and discriminate freely, according to actuarial methods, between different group risks) a monstrous machinery of wealth and income redistribution at the expense of responsible individuals and low-risk groups in favor of irresponsible actors and high-risk groups has been put in motion."

—Hans-Hermann Hoppe, Democracy: The God That Failed

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