Fox News’ resident libertarian John Stossel recently announced that he has lung cancer. The good news is that the former consumer affairs reporter turned free market crusader reportedly will make a full recovery. The bad news is that even from his hospital bed, Stossel continued to peddle both his dangerous misdiagnosis of what ails the American health care system and his even more destructive prescription for a cure.
But like the proverbial broken clock that is right twice a day, John Stossel is right that the American health care system is not currently a free market. That said, his demand that it become one—complete with transparent pricing and customer reviews of doctors, hospitals, procedures, and drugs for consumers who foot the bill for their own care—is utterly wrong. Recent American history and decades of international experience show the tens of millions of people forgoing treatment, millions bankrupted, and thousands needlessly dying each year are the certain price of the invisible finger of the market.
Read more at Daily Kos