Episode 10 – Milton Friedman Speaks – The Economics of Medical Care (Podcast)

It is believed by some that increasing government involvement in medical care will take us toward fully socialized medicine. This trend is clearly against the interests of patients, physicians, and other health care personnel. There is of course, no such thing as “free” health care —you either pay for it directly, or via the tax system, with bureaucrats taking their usual cut along the way. The reality of the situation is that government involvement in the economics of medical care leads directly to higher costs for that care. Is there a special role for government in medical care? As far …