Posted by: Rational Voice | October 28, 2010

Healthcare Mandates Drive Up Costs

Investors Business Daily examines healthcare mandates and shows how they drive up the cost of healthcare. This is because the government requires people to purchase plans which include services they don’t need. For example, why does a male have to buy insurance that includes coverage for vitro fertilization, maternity leave, a midwife, breast reduction or mammograms? They should have to but will now be required to do so. Adding more stuff to a plan increases cost, just like you going out to the store and buying things you don’t need means you’ll be spending money that you don’t have to. Healthcare is not a one-size-fits-all type of thing. Everyone is different and should be able to build customized plans to fit their health needs. And if people don’t by healthcare, that’s their choice, a choice I should not be responsible for. Nobody buys anything for me. If I need something, I’ll find a way to buy it. It’s the same way for healthcare. The reason, like the article points out, for costs going up is that many people are reliant on government health insurance and other insurance policies and rarely, if ever, experience the costs of care. Like the article points out:

Government has established and nurtured a system in which most patients are distantly connected to payment for services. This encourages them to spend without regard to expense. A lack of self-rationing increases demand, which drives up costs.

This is a great point. If you don’t have to pay for something, you’re going to keep doing something without worrying about the costs. Someone has to pay though, so stopping this system is key to brining down costs.

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