Stupid is as ... #5
When it comes to America’s profit-driven health care system, most elected officials, thought leaders and media types are tragically crippled by ignorance.
For example, the majority of them believe the nation’s “free” market health care system offers the best possible care at the lowest possible cost thanks to competition generated by Adam Smith’s “invisible hand.”
Which, when it comes to denial-based ignorance, runs a close second to believing "the Man in the Sky" arranges lottery winners and cancer deaths.
But then, as Hemingway once wrote, it’s too often “pretty” to avoid the truth.
However….
Regarding the effectiveness of the "free" market and Adam Smith’s "invisible hand" controlling the cost of health care in America:
US Health Care Expenditures
Annual - Per Capita
Adjusted for Inflation
1980 2008 +%
$2,004 $7,586 279%
Bottom line?
When it comes to the cost of health care, either our nation's leaders, or Adam Smith’s “invisible hand” have been jerking off the American public. JKdeG
Comments