Liberty MavenRon Paul’s “Fame and Fortune” simplifies the health care debate
February 6th, 2010 9:49 pm | by Marc Gallagher | Published in Big Government, Constitution, Economics, Free Market, Health Care, Ron Paul, government spending, inflation | 0
Ron Paul participated in a short but quite good interview with Bankrate.com in its “Fame and Fortune” series. With one answer Paul sums up the health care debacle.
Bankrate: What do you think of the health care reform package?
Ron Paul: It’s a disaster! As a matter of fact, it was in the early ’70s when the Republicans started accelerating intervention and having managed care. That’s when the tax codes changed and there were mandates. It was the government all of those years that has participated in pushing the cost of medicine up and causing it to become bureaucratic and causing the charity hospitals to go out of business. Managed care has been around (since) about the same time as we lost the gold standard, and it’s managed care that we should blame.
The real problem with medical care is it costs too much. Nobody would complain if it didn’t cost so much. But it costs so much because of inflation plus the bureaucracy we’ve created.
