Investor’s Business Daily
5/13/2010
Policy Failure: Greece was told that if it wanted a bailout, it needed to consider privatizing its government health care system. So tell us again why the U.S. is following Europe’s welfare state model.
The requirement, part of a deal arranged by the IMF, the European Union and the European Central bank, is a tacit admission that national health care programs are unsustainable. Along with transportation and energy, the bailout group, according to the New York Times, wants the Greek government to remove “the state from the marketplace in crucial sectors.”
This is not some cranky or politically motivated demand. It is a condition based on the ugly reality of government medicine. The Times reports that economists — not right-wingers opposed to health care who want to blow up Times Square — say liberalizing “the health care industry would help bring down prices in these areas, which are among the highest in Europe.”
Of course most of the media have been largely silent about the health care privatization measure for Greece, as it conflicts with their universal, single-payer health care narrative.
The rest is at IBD.
