Glad to see that Half Sigma is on board:
Half Sigma: Republicans should support socialized medicine
The current system sucks. Itâ€™s not free market medicine. No sector of the economy is more heavily regulated than medicine. For the typical working American, itâ€™s almost as if medicine is socialized. Your healthcare plan is chosen by someone else, your employer. No matter how many healthcare services you consume, it doesnâ€™t cost you any extra money (or only nominally more money). The government is already paying for part of your healthcare in the form of a tax break.
Socialized medicine would be a government benefit that helps the middle class. Poor people already get free healthcare in the form of Medicaid and free emergency care whenever they show up at a hospital emergency room. Old people get nearly free healthcare in the form of Medicare. Fully socialized medicine would merely give middle class wage earners some government benefits for the taxes they are already paying.
Would people still want to go to medical school under the new plan? Yes, because the government should provide free medical school education for anyone who qualifies. If doctors get paid the highest salary in the GS system, which is around $150,000 per year, there will be a lot of takers. Also, we can institute reforms here, such as combining medical school with undergraduate school in order to accelerate education and lower costs. Anyway, doctors aren’t really the system’s biggest cost.