Excellent piece by Dr. Wes, warning us that the healthcare bubble is about to burst, with the same catastrophic results as what’s happening in the financial markets:
I wonder how any health care system, much like the foregone housing market, can sustain itself with our current similar mindset of universal, limitless healthcare for all. It will be bigger, better, the party never ends, and the money never runs out. Piñata-like, we grab as much as we can as fast as we can. This undisciplined, unregulated, lack of self-control or discretion money rush across multiple sectors of the healthcare business is exactly what happened in the mortgage crisis. Like the current housing debacle, opportunism reigns over social responsibility.
I have nothing to add, but to tell you to read the whole thing.
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- On government-funded healthcare
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