It is very clear that nobody feels bad for United Healthcare CEO Brian Thompson. This is an example of the free market sorting itself out. The attention this will bring to United Healthcare's industry leading denial rates means that people will cancel their plans and switch to other providers creating more competition in the healthcare industry therefore driving healthcare costs down. Although murder is never an acceptable option, the undeniable truth is that the shooter will do more for reducing healthcare costs than Brian Thompson ever did.
Finally, there is now hope that as more people become aware of these issues, they will make more informed decisions about their healthcare providers, thus incentivizing insurers to improve their practices in order to maintain or grow their customer base. Increased competition within the healthcare market, in theory, could help lower costs and improve the quality of care by forcing companies to innovate and provide better services. We are hopeful that President-Elect Trump will focus on free market principles by introducing comprehensive reforms aimed at increasing transparency, reducing administrative burdens, and creating more competition.
What we witnessed with the United Healthcare CEO situation is just another example of the inherent problems within a system where the government is heavily involved in healthcare. The fact is, we have a deeply flawed system where the market isn’t allowed to function properly because of overregulation and government mandates. These big companies, like United Healthcare, have been given a free pass by the government, with subsidies and protections that allow them to deny care, increase costs, and stifle competition. Competition, not government mandates, will drive down costs and improve care. But if we keep allowing the government to prop up these monopolies, we’ll never see real improvement.
We also need to remember that healthcare is about individual liberty. People should be able to choose what’s best for them, without interference from the state. The more we embrace a free-market healthcare system, the more people will benefit from lower prices, better services, and higher quality care. Unfortunately, too many people are relying on government solutions that just make the problems worse.
The situation with United Healthcare should be a wake-up call: it’s time for Americans to demand a truly free market in healthcare. If we do that, we’ll see innovation and competition flourish, and the costs will naturally come down.
Preparing Americans for Hyperinflation
