3min chapter

The Great Antidote cover image

Michael Cannon on Medicare

The Great Antidote

CHAPTER

Government Intervention in the Economy Creates More Problems

Congress penalized health insurance plans that would have covered seniors through retirement and all the way until death. Instead of fixing what Congress did to create this problem, government created a new program called Medicare which didn't even save a single life in its first ten years. The pattern we see whenever government intervenes in the economy and creates problems it never undoes the intervention that creates those problems It just intervenes more and creates more problems you remember the old nursery rhyme about the deal woman who swallowed a fly she's so distressed about swallowing this fly she thought what am I gonna do  she swallows a spider to catch the fly.

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