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TheDC: During a press conference about the economy in 2009 Obama said this: “We have a long-standing critical problem in our health care system that is pulling down our economy. It’s burdening families, it’s burdening businesses, and it is the primary driver of our federal deficits.” Is health care really the primary driver of our federal deficits? If so, why? And is the president’s health care reform law the best way to rectify that?TS: Health care as such is not driving the federal deficit. It is the insistence of the federal government to inject itself into the health delivery system that creates costs for the private system and then creates costs for the federal government when they insist on setting up entitlements rather than allowing these things to take care of themselves in the market.Another thing the government could do if it were serious, and it is one of the signs that it is not is, is simply make it much more difficult for lawyers to sue doctors and hospitals. It is not just the multimillion dollar settlement fees they get out of these lawsuits. It is the fact that so much of medicine has become defensive medicine — expensive tests are done that would never be done if all you were concerned about was the welfare of the patient, but which are done because the doctors and the hospitals cannot risk being ruined financially by having something happen and having some clever lawyer get up before a jury and tell them, “if only he had done this or that test we would have solved the problem.”John Edwards got rich saying all these birth defects were due to the fact that the birth was not by Cesarean section. As a result of that there have been an explosion in the number of birth by Cesarean sections. The conditions that John Edwards’s cases involved did not change in the slightest. All it did was drive up the cost of health care and increase the risk for the women and babies.Read more: http://dailycaller.com/2011/01/24/thomas-sowell-speaks-to-thedc-about-the-financial-crisis-health-care-and-his-ideological-transformation-from-marxism-to-conservatism/#ixzz1KxvhljXp
TheDC: During a press conference about the economy in 2009 Obama said this: “We have a long-standing critical problem in our health care system that is pulling down our economy. It’s burdening families, it’s burdening businesses, and it is the primary driver of our federal deficits.” Is health care really the primary driver of our federal deficits? If so, why? And is the president’s health care reform law the best way to rectify that?
TS: Health care as such is not driving the federal deficit. It is the insistence of the federal government to inject itself into the health delivery system that creates costs for the private system and then creates costs for the federal government when they insist on setting up entitlements rather than allowing these things to take care of themselves in the market.
Another thing the government could do if it were serious, and it is one of the signs that it is not is, is simply make it much more difficult for lawyers to sue doctors and hospitals. It is not just the multimillion dollar settlement fees they get out of these lawsuits. It is the fact that so much of medicine has become defensive medicine — expensive tests are done that would never be done if all you were concerned about was the welfare of the patient, but which are done because the doctors and the hospitals cannot risk being ruined financially by having something happen and having some clever lawyer get up before a jury and tell them, “if only he had done this or that test we would have solved the problem.”
John Edwards got rich saying all these birth defects were due to the fact that the birth was not by Cesarean section. As a result of that there have been an explosion in the number of birth by Cesarean sections. The conditions that John Edwards’s cases involved did not change in the slightest. All it did was drive up the cost of health care and increase the risk for the women and babies.
Read more: http://dailycaller.com/2011/01/24/thomas-sowell-speaks-to-thedc-about-the-financial-crisis-health-care-and-his-ideological-transformation-from-marxism-to-conservatism/#ixzz1KxvhljXp
