by G. Keith Smith, MD, Mises Institute:
While the Free Market Medical Association [FMMA] is made up of buyers, sellers, and intermediaries, we decided this year to focus primarily on buyers. That decision inspired the remarks I’ll make today. We have always believed that the growth of this movement hinged on an empowered, enlightened, and red-pilled buyer. The seller’s then forced to accommodate buyer preferences.
In spite of the claims of the woke Left, a failure of the free market is not to blame for the disaster known as the American healthcare system. It is precisely the opposite. The disastrous part is thanks to the government intervention and interference that has prevented the market from working its magic. The absence of an unfettered market is to blame. How do we know this? We know this because in every other industry, a free market leads to higher quality and lower prices. We know this because once upon a time, not that long ago, affordable high-quality care was the rule, at least until big government entered the scene. We also know this because the movement started by this organization has spread, and everywhere it goes, it brings higher quality and lower prices.