"Change We Can Believe In"

Keep the Change

"Last week’s health-care summit made clear that, as far as the president is concerned, the question is not whether the U.S. will enact universal coverage but how. When Obama gets it enacted, most historians will revere him as the president who finally dragged barbaric Americans into the modern world. But some may note that the Obama system worsened results for the sick and killed the promising genomic industry, in which the U.S. currently enjoys a world-wide lead. These are the inevitable results of the Obama administration’s push for a statist health-insurance market that contains an underpriced Medicare as an option. The phony pricing for Medicare will draw vast numbers of enrollees, over 100 million in one estimate, and create a virtual single-payer health-insurance system. This system would control costs by rationing health care to the sick, especially when it comes to powerful, expensive new drugs. The U.K., for example, ranks last among the biggest economies in Europe in its uptake of cancer drugs and has the dreadful survival rates to prove it. If the U.S., which is by far the largest market for such drugs and the largest source of capital for their development, becomes a single-payer system, we can kiss this industry good-bye."