Why are Companies Constantly Upgrading their ERP Systems?
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Healthcare has become outrageously expensive in most developed nations of the world. For instance, American citizens who do not have health insurance are relatively sure that they will not be able to meet their own healthcare costs. The same is the situation in many countries around the world. This has created a debate wherein healthcare is now being said to be the responsibility of the government.
There are many countries such as Canada and the United Kingdom wherein free healthcare is now the norm. From a humanitarian point of view, free healthcare seems to be a plausible idea. However, as soon as the hard-hitting facts of economic reality are introduced in the picture, free healthcare for all no longer remains a possibility. In this article, we will explore both the moral and the economic aspects of the free health care debate.
The basis of the free healthcare demand comes from the assumption that healthcare is a humanitarian right and should not be denied to anyone. Since it is a right like life, liberty, and pursuit of happiness it should be taken care of by the government.
However, this right to free healthcare is a self-defeating argument. This is because everyone has the right to keep the fruits of their own labor. Hence, no one has the right to receive free stuff be it food, clothing or healthcare. This is because these goods need to be produced. Therefore, if they are given away for free, it would be an infringement on the rights of the people who are producing it.
Just like patients have rights, the physicians and doctors have human rights too. It would be an infringement of their right to earn a living if the government asked them to provide services for free.
Similarly, when governments start taxing one citizen to provide for the healthcare of the other, they are just transferring the fruits of the labor of one man to another. People can voluntarily contribute to the illness of their countrymen. However, forcing people to part with a percentage of their income is morally incorrect.
Hence, no one really has a right to free healthcare. These are mere statements made by politicians who want to expand the scope of the government to grab more tax dollars. Once these tax dollars are in their kitty, they spend some of it on healthcare while embezzling some of it to build private wealth. Nationalized healthcare is a scam which should be avoided at all costs.
Free healthcare is not only incorrect on moral level. It also causes grievous economic harm. The free healthcare system distorts the free market.
Free markets are inherently sensitive to customer demands. Companies that pay attention to customer demands survive whereas those that do not pay attention perish. On the other hand, bureaucracies do not have any incentive to be customer friendly.
Monopolies simply forbid other competitive service providers and are able to survive despite providing mediocre service. Hence it can be said that the monopolization by the government is causing healthcare standards to be lowered in these nations.
Patients flock to doctors for the smallest of ailments. As a result, more doctors and even more hospitals are required. The entire medical infrastructure has to be expanded to accommodate this frivolous demand.
The shortages and long wait times are the byproduct of free healthcare systems. These situations are commonly seen in countries like Canada. On the other hand, in countries where patients are supposed to pay for these services, they can get immediate medical attention. A free healthcare program provided by the government worsens the situation for everybody.
In the end, the system becomes so wasteful that the society pays several times more for their healthcare needs than they would have otherwise paid. Healthcare costs are adding massively to fiscal deficit in nations where free healthcare system has been implemented.
To sum it up, healthcare is not a right but rather a responsibility. The government does not have the right to take money from people who judiciously save for the future and give it those who don’t. Securing your health has always been an individual prerogative, and it must remain so.
Your email address will not be published. Required fields are marked *