Socialized Medicine Explained by Nobel Prize Winner Milton Freidman

@debrakcarey (19924)
United States
June 18, 2011 3:27pm CST
Milton Freidman, Nobel Laureate in Economics on Socialized Healthcare. http://www.youtube.com/watch?v=VPADFNKDhGM&feature=related Is it really true? Will Obamacare lead to long waits for surgeries, government telling doctors how to practice medicine, and rationing of healthcare? A very compelling look by an expert in economics on government involvement in healthcare. Input goes up and output goes down- is just one of his points. A study on the British Healthcare system shows that when government bureaucracy was in control of healthcare; clerical staff was up, medical staffing was down; but yet there was always a waiting list of patients. Average number of beds occupied went down even though there was a waiting list. Do we really want the government bureaucracy in charge of healthcare?
3 responses
@ptower76 (1619)
• United States
18 Jun 11
About 4 months ago I vistited the emergency room at the local community hospital where one of the trauma units for the Bronx New York City is located. The hospital has a past reputation for long waits because of the heavy traffic of trauma patients being sent their from all over the Bronx. I had heard and seen many of the prediction of so called experts whom by the way, someone is paying their salalry, concerning what you present will be the result of government bureaucracy controlling health care. I walked into the emergency room because i was beginning to feel symptoms in my chest and arms that made me feel uncomfortable and within two hours I was comfortably laying in a bed after the battery of tests and analysis where done, hooked up to an IV, and awaiting results by a doctor. 5 years ago I entered the very same hospital moaning and groaning about a pain in my upper abdomen and shortness of breathh and 14 hours later, I left on my own after being forgotten in a stall in the emergency room. I personally do not put much credence in the predictions of those individuals regardless of their degrees or awards who have probably never spent more than 5 minutes waiting in an overcrowded emergency room. I look at the bottom line as experienced by self. Another experience with Obama's new health care reform; My friend of over 40 years was recently layed off of work after 35 years of working with the city. He was able to amass a bit of savings for his retirement. He is a diabetic with various multiple chronic conditions like heart trouble and hypertension. 5 years ago he would have had to spend up his savings to begin receiving any health care services. With Obama's new package and the health care bill passed last year, His unemployed status and low income made him eligible for benefits that the bill was intended to cover (the 45 million working poor that do not have health insurance). Today my friend is visiting the local hospital for care and prescriptions. Doctor visits are 20 dollars and prescriptions are 5 dollars each. He has no health insurance because his unemployment is too much to afford medicaid and not enough to afford private health insurance. In my experience and regardless of the predictions of the Nobel Prize Winner (Wonder who is paying him to report those findings), the plan is working. At least for us working poor.
1 person likes this
@ptower76 (1619)
• United States
18 Jun 11
By the way, the new health care plan will not force people as in the past to deplete their savings, which has always been a major issue at our age. My Friend's savings are safe for him to enjoy when he finally retires.
@debrakcarey (19924)
• United States
19 Jun 11
While I admit the system was not working, I do not agree that Obamacare is the answer. Mr. Freidman speaks here in 1978...by the way, that first video was recorded BEFORE obamam's election, on what WILL fix the healthcare system. http://www.youtube.com/watch?v=TdcaLReCG3Y&feature=related
@debrakcarey (19924)
• United States
19 Jun 11
You don't have to convince me the system was broken. And since medicare and medicaid was brought up, they...as a healthcare worker who SAW the effects, were the most mismanaged and corrupt of any of the 'insurance' programs. What makes you feel the government can run healthcare completely, any better? After listening all afternoon to Mr. Freidman, and because I am a advocate of alternative healthcare and have read up on the history of organized medicine, I feel that the AMA's monopoly on the whole system is needing some revision. Along with the FDA and its practice of lobbying for big Pharma, they have their part in driving up costs. I'm old enough to remember when you could go to the doctor and if you didn't have the money right then, you still were seen, and could make payments. MANAGED HEALTHCARE put an end to that. Medicine became a business. I remember my doctor came to the house when I was 11 years old. I have a friend who is a doctor in Arkansas and he does that still, even barters for his payment. That is practicing medicine. We'll never see that as a way of practicing again.
• Philippines
19 Jun 11
My automatic reaction was, "Uh ooh... did he?" At any rate, among the challenges that the advocates of socialized medicine must hurdle is ensuring that its critics do not succeed in "throwing the baby" (providing health care) "together with the bath water" (bureaucracy and other attendant ills of a program undertaken by government and society). Of course, unnecessary bureaucracy, "bureaucratism" and other administrative ills should be addressed too, and solved.
@debrakcarey (19924)
• United States
19 Jun 11
My stand is that the government couldn't run medicare/medicaid why do we think this will be any better run. I think the people should have the choice of ANY kind of healthcare and the AMA and the government stay out of it. How to pay for it? I'm old enough to notice that once INSURANCE came into the picture, prices started going up. Also, put a limit on the litigation/suing of healthcare providers. Set a monetary limit on what they can sue for. Fine the doctors who knowingly mess up, and use the fines to pay those who have an actual case and win suit. Malpractice suits and the necessary malpractice insurance drives up the price of healthcare. Healthcare savings plans are a good idea. Let the people decide what is best for them all round.
• Philippines
19 Jun 11
The concept and details of a health delivery system that pays the health professional for keeping one in good health should perhaps be explored seriously. The system should include primary health care that provides the whole population, insured and uninsured, with basic curative, preventive, promotive and rehabilitative medical services. The latter should be complemented with a referral system to higher levels of medical services (secondary/municipal, tertiary/provincial, regional, and national) as may be required. The whole system should be supported in part by individual insurance and in part by government finance. Why not consider the cooperative movement as a potential partner in this endeavor? Israel's and China's experience in this regard may be interesting to study.
• Philippines
19 Jun 11
Indeed!!!
@jwfarrimond (4474)
18 Jun 11
In the British healthcare system everyone who need treatment will get it regardless of their ability to pay because it is funded out of general taxation and is free at the point of use. I'd rather be on a waiting list with the knowledge that I will get the medical treatment that I need without having to worry about the cost of the treatment than be told that I can't have the medicine or operation that I need because I can't pay for it up front and don't have medical insurance that will pay for it. this is the situation that millions of poor Americans find themselves in, no money and no medical insurance and only the inadequate medicaid to fall back on. It's these people that Obama's reforms is trying to help. Friedman should stick to economics and stay out of politics.
@debrakcarey (19924)
• United States
18 Jun 11
I work in healthcare, government should stay out of healthcare.
1 person likes this
@deebomb (15323)
• United States
1 Jul 11
I agree with you debarkcarey Government should stay out of not only health care but the private sector all to gather.
@debrakcarey (19924)
• United States
13 Jul 11
Thank you deebomb, sorry it took me so long to respond. I have moved and am not connected to the internet yet.