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Cato Daily Podcast

Harris and Trump Have No Plans to Substantially Liberate Health Care

Oct 3, 2024
Michael Cannon, an expert on health care policy, discusses the growing issue of government overreach in the healthcare sector. He critiques the lack of substantial reform plans from both Donald Trump and Kamala Harris, pointing out their failure to address the inefficacy of current government interventions. The conversation dives into the opaque nature of healthcare pricing and the importance of consumer empowerment to foster transparency and lower costs. Cannon emphasizes that without meaningful change, fiscal burdens will only increase.
16:33

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Quick takeaways

  • Government control of health spending in the U.S. significantly undermines affordability and access, contrary to proponents' beliefs.
  • Deregulating health insurance could potentially enhance coverage access and lower costs by encouraging healthier individuals to participate in the market.

Deep dives

Government Control of Healthcare Spending

The podcast highlights the significant role of government in the U.S. healthcare system, which currently controls approximately 85% of health spending, placing it just behind Cuba in terms of government influence. This level of control has not resulted in affordable or universal access to healthcare; instead, Americans face extremely high prices and gaps in services. Proponents of Medicare for All argue that increased government control should lead to lower costs and better service, yet this is not reflected in reality. The ongoing political discourse does not adequately address how to effectively reform healthcare to deliver real improvements for the population.

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