Art Astorino, MD, the President and founder of Americans for Free Choice in Medicine, discusses how government interference in the U.S. health care system has, for over 50 years, prevented a true free market from operating.
Note: Dr. Astorino's presentation is missing a short segment beginning at 14:30 into the video due to a technical issue with the audio feed. We are working to replace this section. Until we do please CLICK HERE to read the text of the missing video segment.
"Thus, medical care when you are older, will be the responsibility of government. Thus government wrongly established medical care as a right for certain segments of the population. How does the government secure this right? Financially it set up what would be compared to an illegal Ponzi scheme in the private sector that taxes our children and grandchildren to pay for our Medical Care as we age. In addition, the politicians promised to have no control over the doctors or over their methods of patient care. All they want to do is pay the bills. “So what happened to medical spending with the implementation of these programs?”
A “cost plus” payment system was set up that gave hospitals an incentive to purchase equipment, build new wings, and develop new treatments without regard to cost. The more costs a hospital incurred the more money they received. Costs skyrocketed with the underlying principle being that everyone is entitled to the best medical care that exists regardless of cost, how could it not?"