State-dominated healthcare systems are failing the poor and chronically sick, argues a new study from the Institute of Economic Affairs.* Even in prosperous countries people are becoming increasingly disillusioned with government-directed healthcare systems.
Britains NHS is one of the worst examples. It is plagued by waste, inefficiency, under-investment, rationing and constant political interference.
The result has been poor health outcomes for British citizens compared with other wealthy countries. Long waiting lists, high infection rates and under-nourished patients result from a bureaucratic system that misallocates resources in the absence of market prices and competition.
The authors** show why private, market-based healthcare systems would be much more responsive to patients needs. They wo