Sunday, July 21, 2013

(Related update): Be it SwedenCare or ObamaCare, it's collectivist medical care, and it doesn't work

Related update: Ideas have consequences, and incentives matter.  Doctors aren't going to sit by idly and be part of the destruction of their field.  And, as this report indicates, many are going to retire early, leading inevitably to shortages, a trait characteristic of socialized medicine systems around the globe:
In a survey by a top research firm, six in 10 physicians said it is likely many doctors will retire earlier than planned in the next one to three years.
The same percentage say the practice of medicine is in jeopardy as medical experts lose control of their clinics and compensation with the implementation of the Affordable Health Care for America Act, or Obamacare.
Original Post:  Here's another must-read article (boy, I'm on a must-read rampage at the moment!), this one on the mythology surrounding the effectiveness of Swedish collectivism, particularly in terms of its healthcare sector.  In an article published at the Mises Institute, Swedish ex-pat and Mises Institute Senior Fellow Klaus Bernpaintner dismantles the common liberal narrative that "SwedenCare" could teach us a thing or two about how to implement collectivized health care in the US.  Here's the opening of Bernpaintner's article:
As a Swede currently living in the United States, with actual experience of Swedencare, I must reply to the delusions propagated by professor Robert H. Frank in his June 15 article in the New York Times, titled “What Sweden Can Teach Us About Obamacare.”
It is surprising to read something so out of line with basic economic theory from an economics professor. But theory aside, it would have sufficed for professor Frank to have taken a field trip down to the nearest public emergency room to have his illusions irreparably shattered. The reality is that Swedish healthcare is the perfect illustration of the tragedy of central planning. It is expensive and — even worse — it kills innocent people.
There is so much more in this article of value which is why it's a must-read!