Domo Arigatou, Mr Doctoros

The laws of economics knows no borders.

As calls for universal health care fill the campaign talking points, let us take a moment to learn from other countries. Drs. Michael A. Glueck & Robert J. Cihak wrote earlier this year concerning Japan's failing health care system. It should not surprise any economist: doctors have barely a few minutes per patient, people are being denied care, resources are strained, government debt continues to skyrocket, and "[p]atients are told they¹ll never get better, even when treatments exist, and many are not even informed of their diagnoses."

When you give something away for virtually nothing, people will use more of it, even when they don't need to. It's not merely that universal health care, causes waste. It really isn't "universal" because so many people are forced out. It's not even "health care;" it kills people.

HT: Matt Huber