Forbes has just published my latest column: “Obamacare Spends ‘Other People’s Money’ To Make Healthcare Expensive And Scarce“.
I discuss 4 dangers of a health system based on spending ‘Other People’s Money’. In other words, it’s not just that the money will run out some day!
Those dangers include:
1) Doctors will be increasingly expected to save money “for the system”
2) This will further fuel the nanny state
3) Health benefits will become increasingly politicized
4) Sooner or later, government spending Other People’s Money means the government taking your money
I also discuss how to avoid these problems.
(And many thanks to Ray Niles for finding that great Walter Williams quote.)