The Nassau Institute Health Insurance Report has been circulated to the public. Some individuals and groups are wondering how they, and the Bahamian economy will be affected should the Blue Ribbon Commission’s Plan be implemented. <\/p>\n
Some of the statements and questions along with the Institute’s responses follow:<\/p>\n
Statement<\/b>
\nBahamians should have the best possible healthcare and not be subject to “vested interests or countervailing influences”.<\/p>\n
NI Response:<\/b>
\nThis is to say that health care should not be a monopoly of any one provider. Monopolies by definition are excluded from competition in a marketplace. The Blue Ribbon Commission (BRC) Plan makes government the monopoly. The result is as predictable as if a non-government entity were to become the monopoly; higher cost for diminishing services.<\/p>\n
Statement<\/b>
\nHealthcare should be viewed as a “right”.<\/p>\n
NI Response:<\/b>
\nAn “individual right” is the freedom to act within one’s means; it is not an entitlement to the goods and services provided by others. If “health care” is treated like a commodity that the government has the right to seize and redistribute, it must coerce healthcare professionals to abandon their individual rights in order to fulfill the so-called “rights” of others. When government allocates “rights” it is effectively the abandonment of the fundamental tenets of a free society.<\/p>\n
Question<\/b>
\nIt is in government’s interest to promote universal healthcare, but how can we know what are the interests of the people?<\/p>\n
NI Response:<\/b>
\nDemocratic governments are elected to serve the people. It is up to the people to decide whether they want the government to make the decisions about their healthcare, or whether they prefer to choose from a multitude of options in a market with a wide range of services.<\/p>\n
Question<\/b>
\nInadequate funding has always been a problem. How would this change?<\/p>\n
NI Response:<\/b>
\nFunding becomes problematical as the demand increases. Demand increases when any commodity is offered “free”. In all socialized “free” healthcare systems rationing of care is the rule because there are limits to the amount in taxation government can collect from the taxpayers.<\/p>\n
Question:<\/b>
\nWhat are the effects on the economy when the taxes are increased to pay for Nationalized healthcare?<\/p>\n
NI Response<\/b>
\nWealth is generated exclusively in the private sector. Government can spend only what it takes from its citizens. Rising costs of healthcare in an unlimited demand environment can lead to either inflation and\/or increasing public debt. The question remains as to how much more taxation the economy can bear without devaluing the Bahamian dollar, or adding to the public debt with additional borrowing.<\/p>\n
Question<\/b>
\nHow reliable will be government management of healthcare?<\/p>\n
NI Response:<\/b>
\nThe reliability of government services is already known. They are costly and inefficient. \uffa0The Public Corporations are examples. No more need be said.<\/p>\n
Question:<\/b>
\n“What is government responsible for anyway”?<\/p>\n
NI Response<\/b>
\nRe healthcare, Government’s responsibility is to provide healthcare services to the poor. \uffa0In addition it must monitor environmental conditions to prevent the spread of disease.<\/p>\n
Immigration and particularly illegal immigration are government responsibility. \uffa0Immigrants able to pay for their own healthcare need not be a burden. Compassion requires government to cover the cost of care for immigrants who cannot pay. Large numbers of illegal immigrants without jobs are a tax burden and the numbers need to be controlled.<\/p>\n
Visit the Nassau Institute website for more information: www.nassauinstitute.org<\/p>\n
By: THE NASSAU INSTITUTE<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"
How will you be affected by the National Health Insurance plan?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[],"tags":[],"class_list":["post-243185","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=243185"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243185\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=243185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=243185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=243185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}