How Medical Licensing Serves Big Pharma at the Expense of Public Health
The purpose of medical licensing is not to protect consumers but the financial interests of privileged trade organizations allied with Big Pharma.
The purpose of medical licensing is not to protect consumers but the financial interests of privileged trade organizations allied with Big Pharma.
A Rothbardian view of vaccines and society is that no government should have the power to coerce someone into having a vaccine. Their safety is irrelevant for this argument, although we definitely should have an interest in their safety for people.
Dr. Keith Smith recounts how the Surgery Center of Oklahoma and the Free Market Medical Association are exposing the hospital–insurance cartel—posting honest, bundled prices, triggering price wars, and proving that free-market medicine can deliver higher quality care at a fraction of the cost.
Bob Murphy talks with Keith Smith, MD, about an alternative to the cartel of big hospitals and insurers.
Thanks for government intervention, the US healthcare system has been breaking down. Unfortunately, with each healthcare setback, the prescription is for more intervention, which triggers even more crises.
Socialists and progressives demand that the US adopt a “single payer” healthcare system in which the government provides “free” healthcare. However, “free” healthcare is not free at all, as medical care consists of scarce goods which always come as a cost to someone.
Socialists and progressives demand that the US adopt a “single payer” healthcare system in which the government provides “free” healthcare. However, “free” healthcare is not free at all, as medical care consists of scarce goods which always come as a cost to someone.
On this episode of Power and Market, Ryan, Connor, and Tho break down the latest FOMC meeting, the real takeaways from Powell’s Fed talk, and the continuing realities of Obamacare.
The dystopian futuristic movie Elysium portrays a terrible future in which only the rich have medical care while the poor suffer on an overpopulated, polluted planet. The film’s theme—that only huge wealth transfers can bring medical care to low-income people—is fundamentally flawed.
The dystopian futuristic movie Elysium portrays a terrible future in which only the rich have medical care while the poor suffer on an overpopulated, polluted planet. The film’s theme—that only huge wealth transfers can bring medical care to low-income people—is fundamentally flawed.