Socialism debunked: Policies like Medicare for All reduce incentives for efficiency and innovation
Socialist policies such as Medicare For All or Universal basic income reduce incentives for efficiency and innovation. Over a period of time under socialist policies, things go downhill. There is no incentive for the system to be efficient or reduce costs. At some point, we get your classic DMV service model – where the tax payer gets the worst treatment possible. There is rationing of treatments and lowest income earners always lose. Many Democrats today cite socialized programs in UK and Canada as the model for the United States. What they do not point out is the severe rationing for seniors in those countries – critical treatments like bypass, pace-makers and hip transplants are routinely denied to seniors over 75 or 80 with a view that at that advanced age these treatments do not justify the costs. Such rationing is not what American seniors were promised.
Socialists also fail to mention that most of the progress in science and commercialization of new treatments has been done in private sector competitive markets in the United States. Countries which socialize medicine take advantage of US innovation. The Scandinavian model is often held up as an example but the reality is, it goes against American values of freedom and choice. The American way is to increase prosperity and access through technology and competition – not by government rationing. In recent decades, after the failure of the 90s, the Scandinavians have followed our example and liberalized and privatized various sectors of their economy.
The blood and tears which were shed in the socialist and communist experiments of the twentieth century should also not be forgotten. Mankind has paid millions of lives to learn that collectivism does not work and goes against the grain of human nature.