TYT’s Contradictions Don’t Make Them Stop to Think

The above video by TYT is in response to a statement Rand Paul made on Sean Hanity’s FOX News show about liberals having a misunderstanding of capitalism.

What was funny to me were the contradictory statements made by TYT

1) John Iadarola stated “We’re still going through the free market [in healthcare].” (1:43)

2) Ben Mankiewicz later stated “What I don’t think [Rand Paul] understands is that[. . .] we haven’t had [. . .] since 1929, unfettered capitalism. We don’t have capitalism [. . .] We had it, basically for a while, where there was no regulation, and something went horribly, horrible wrong, in October of 1929.” (3:18)

Iadarola proceed to agree and say that many other countries had less regulation than the US.

So first they argue that the free market in health care is terrible right now, then admit we don’t have free market. Just MAYBE, for the same reasons we don’t have a free market, we don’t have a free market in health care. Just maybe.

The last time we had something near a free market in health care was the 40s and 50s (but really, it was the mid to late 1800s before the imposition of licensing). And in those two decades, the percentage of the population with insurance exploded from 10% to about 80%.  Finally, in the 1970s, only after Medicare, after Medicaid, and after the HMO Act of 1973, did healthcare prices begin to rise at a rate higher than the general CPI. In other words, price inflation only became a significant issue after numerous largescale government interventions had already infected the market.

In response to my proposal for a rennaisance in the government healthcare policies of the mid-19th century, please don’t commit the time fallacy. I’m not proposing we “go back to the 1800s.”. I don’t want healthcare itself to be as it was in the 1800s and I don’t want countless other things to return to the way they were during the 1800s.

Individuals should be free to choose between doctors (or no doctors) and between practices. People can choose to listen to “quacks” for advice if they want to, and true quacks will be eliminated from the market as they are revealed to be such. Certification is always a better policy than licensing, because it maintains freedom of choice while spreading information that may be relevant. Only liberty in health care will reduce prices and lead to satisfactory outcomes in the health of individuals.

Photo Credit: phalinn via Compfight cc

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Posted on November 5, 2013, in Economics and tagged , , , . Bookmark the permalink. Leave a comment.

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