The Supreme Court today upheld “Obamacare,” a massive economic intervention ostensibly designed to cure the ills of American healthcare. Of course those ills were themselves caused by intervention, and this “cure” will only make the situation even worse. The “cycle of interventionism” Mises warned us about continues to intensify.
As Murray Rothbard wrote,
Our very real medical crisis has been the product of massive government intervention, state and federal, throughout the century; in particular, an artificial boosting of demand coupled with an artificial restriction of supply. The result has been accelerating high prices and deterioration of patient care. And next, socialized medicine could easily bring us to the vaunted medical status of the Soviet Union: everyone has the right to free medical care, but there is, in effect, no medicine and no care.