Would medical care be available to people who might have a difficult time paying for it? In a private property order, charitable institutions would play an important role in ensuring more people have access to medical treatment.
HIPAA was enacted in 1996 to protect the privacy of patient health information. In practice, HIPAA’s stringent requirements may harm patients, create a chilling effect on medical researchers and healthcare providers, and significantly increase medical costs.
So long as the unchecked army of bureaucrats, technocrats, and deep-state operatives is allowed free rein, it will be impossible to make progress in limiting the state’s power over individuals.
I became interested in the question of whether a true market in healthcare can work. I think it is a fantastically interesting subject. It has been the focus of my PhD work.
It’s the master of public health awardees who are running public health. An MPH is a two-year degree which does not require you to have any prior training in health, in biology, or in medicine. It’s primarily focused on the use of big data and statistical analysis.
We can run society according to the rules of private property and freedom, or we can run it by bureaucratic decree, and the covid episode reminded us of just how important that choice is.
The 19th century saw the creation and expansion of railroads in the United States, which hauled freight and carried paying passengers. One offshoot from privately-owned railroads was the creation of company-built and -operated hospitals to treat their employees in remote locations.
Enrollment in government-subsidized “Obamacare” health insurance programs is expanding—and that is not a good thing. As more people place demands on the medical system, that system is increasingly unable to handle the growing demand.
Alex Tabarrok joins Bob to break down Trump’s drug price executive order, price controls, and the real economics behind Big Pharma and healthcare innovation.
"Modern medicine looks more like a religion than a science—and its priests are bureaucrats."
