Tuesday, July 21, 2009
Serious Medicine on FoxNews.com
This article is a generally Hamiltonian critique of Obamanomics, but I zero in on Serious Medicine herein:
And what of health care? Not only is health care a desirable good in and of itself, but it is also a natural driver of economic activity, as anyone who lives near a hospital knows. There are millions of jobs to be found in medicine, from taking care of patients, to inventing cures, to mass-producing medical equipment.
But what if the Obamans succeed in cutting back on health care, in the name of "controlling costs"? In the eyes of liberal Democrats, the whole point of putting the government in charge of health care is so that planners in Washington will be able to "improve" the system--which, of course, means rationing of one kind or another. In an article summarizing the White House economic report, The Washington Post's David Cho might have been too polite to say the obvious--that Obamacare will constrict job growth in the health sector--and so he confines himself to simply noting, "The projections do not account for Obama's plan to revamp the U.S. health-care system." That is, if Obama gets his way on health care "reform," then rosy scenarios of health-care employment growth will fade to black.
Posted by James P. Pinkerton at 2:00 PM