In this video you will see Paul Krugman canvas his audience for pro-government healthcare Canadian expats, and fail. You will also hear a Canadian doctor say the following: “Healthcare is not a market like other markets! It’s not even close to being a market like other markets!” This same doctor claimed that reduced costs are a side-benefit of constructing a system based on equity of coverage. That is to say, if everyone gets the same level of access to health care, the cost to provide health care will decrease. Wow.
I can’t tell you how many times I thought of Bastiat while watching this debate. The side in favor of universal coverage kept reminding me of Bastiat’s numerous foes in the legislature, those well-entrenched apologists for state power who endlessly claimed that price supports and tariffs were the secret engines of economic growth and prosperity. All that is needed, they claimed, was government protection or action of some kind to overcome scarcity and create abundance.