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Wednesday, August 08, 2007
John Stossel :: Townhall.com Columnist
Let Wisconsin Experiment with Socialized Medicine
by John Stossel
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"On, Wisconsin ... run the ball clear down the field!"

It's time to amend the Wisconsin football song so we can cheer on the Badger State's politicians as they move toward health-care socialism.

The Wall Street Journal editorial-page editors are upset that Wisconsin's state Senate passed "Healthy Wisconsin", which will give health insurance to every person in the state. Of course, the Journal editors are right in saying that the plan is "openly hostile to market incentives that contain costs" and that the "Cheesehead nation could expect to attract health-care free-riders while losing productive workers who leave for less-taxing climes."

In addition, as the Journal put it, "Wow, is 'free' health care expensive. The plan would cost an estimated $15.2 billion, or $3 billion more than the state currently collects in all income, sales and corporate income taxes."

And, of course, down the road it will cost much more than that. Even the $15 billion is based on the usual Pollyannaish assumptions such as millions in savings "from putting more emphasis on primary care."

As usual, most of the new taxes will be imposed on employers. Progressives believe money taken from them doesn't cost anything. Rich corporations will simply waste less on lavish perks and excess profits. But taxes on business are often paid by workers, stockholders and consumers. Businesses that can't pass the taxes on to someone else will close or move out of state.

But progressives are oblivious to this fact. They see Wisconsin becoming a fairyland of health happiness supervised by the 16-person "authority" that will oversee the plan. Socialism will work this time because the "right" people will be in charge.

Does it never occur to the progressives that the legislature's intrusion into private contracts is one reason health care and health insurance are expensive now? The average annual health-insurance premium for a family in Wisconsin is $4,462 partly because Wisconsin imposes 29 mandates on health insurers: Every policy must cover chiropractors, dentists, genetic testing, etc. Think chiropractors are quacks? Too bad. You still must pay them to treat people in your state.

Want to buy insurance from another state, like nearby Michigan, where an average policy costs less? Too bad. It's against the law to buy across state lines. Your state's Big Brother knows best. Continued...

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About The Author
John Stossel blogs at http://blogs.abcnews.com/johnstossel/ is an award-winning news correspondent and author of Myths, Lies, and Downright Stupidity: Get Out the Shovel--Why Everything You Know is Wrong.
 
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We may have to do something like this...
...eventually.

Within the next ten to twenty years, via genetic screening, we'll be able to determine - ahead of time - the vast majority of the maladies that will eventually afflict us. We'll almost have individualized calendars of what's going to befall us, physical injuries (from accidents and so on) excepted.

Needless to say, such a situation will make private insurance a losing proposition, because only those individuals who are virtually certain to NEED private health insurance are going to buy it. Because the insurance industry is necessarily based on uncertainty and pooled risk, it would be destroyed under this scenario.

The consequence, then, is that we will HAVE to put in place some kind of scheme for tax-subsidized medicine; otherwise, only those who are well-heeled enough to afford the extortionate costs of unsubsized health care will be able to receive treatment.

Of course, Wisconsin is not going about it optimally.

Ashwan
When socialism is mentioned it is still just as much of a losing proposition now as it has always been. The US is not geared to accept socialism primarily because it takes away so much of your free choice and gives so much power to the government. These are the antithesis of what our country was founded for.
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