Any day now, the U.S. Supreme will rule on whether the Obamacare insurance mandate is constitutional. Seems like a no-brainer to me. How can forcing me to engage in commerce be constitutional?
But there's a deeper question: Why should government be involved in medicine at all?
Right before President Obama took office, the media got hysterical about health care. You heard the claims: America spends more than any country -- $6,000 per person -- yet we get less. Americans die younger than people in Japan and Western Europe. Millions of Americans lack health insurance and worry about paying for care.
I have the solution! said Obama. Bigger government will give us more choices and make health care cheaper and better. He proceeded to give us that. Bigger government, that is. The cheaper/better/more choices part -- not so much.
Costs have risen. More choices? No, we have fewer choices. Many people lost coverage when companies left the market.
Because ObamaCare requires insurance companies to cover every child regardless of pre-existing conditions, WellPoint, Humana and Cigna got out of the child-only business. Principal Financial stopped offering health insurance altogether -- 1 million customers no longer have the choice to keep their insurance.
This is to be expected when governments control health care. Since state funding makes medical services seem free, demand increases. Governments deal with that by rationing. Advocates of government health care hate the word "rationing" because it forces them to face an ugly truth: Once you accept the idea that taxpayers pay, individual choice dies. Someone else decides what treatment you get, and when.
At least in America, we still have some choice. We can pay to get what we want. Under government health care, bureaucrats will decide how long we wait for our knee operation or cataract surgery ... or if we get lifesaving treatment at all.
When someone else pays for your health care, that someone else also decides when to pull the plug. The reason can be found in Econ 101. Medical care doesn't grow on trees. It must be produced by human and physical capital, and those resources are limited. Politicians can't repeal supply and demand.
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