Many developed countries around the world have socialized medicine – also known as universal healthcare.  Rather than paying for health insurance, the government is in charge of all the hospitals.  Everyone can get the healthcare that they need, whether they have money or not.  Our Canadians neighbors, and British friends are two well-known examples of countries that use this model.  Sound perfect, right?  Maybe, maybe not.  Let’s see some of the pros:

  • Access to healthcare isn’t dependent on employment
  • Everyone has access to healthcare
  • No one is denied medical services due to inability to pay

Now, some of the downsides

  • Hospitals and clincs could experience tremendous overbookage – it’s already a royal pain to get an appointment.  Imagine how it would be when everyone has access to a doctor without regard to cost
  • Huge tax increase – healthcare isn’t free.  If we aren’t paying insurance premiums, we’re going to pay for it in taxes.  Big time.

I don’t like the idea of health care depending on your employment – why should my job dictate how good my healthcare is?  Some jobs just offer terrible insurance plans, so premiums and coverage are absurd.  Those who are between jobs or unemployed are even worse off.  I shouldn’t have to choose between taking my child to the doctor or paying the electric bill – it just doesn’t seem right.

Taxes – the big problem

If we do move to socialized medicine, it must be paid for somehow.  How would you feel about paying significantly more each year in taxes?  As awful as this sounds, consider this.  The people who stand to benefit most from socialized medicine are those in the lower tax brackets.  An increase in taxes likely won’t hit them as hard.  Folks in the middle class won’t gain *much* tangible benefit, since most already have health insurance.  However, they will be hit with a huge tax burden as a result.  The rich will be hit even harder ( though I have trouble feeling too sorry for them ). 

What to do?

I don’t think socialized medicine is really a good route for this country to go down.  At the same time, I recognize that our healthcare system is broken.  Perhaps we need national standards for employer sponsored healthcare programs…. or more consistent state standards.  Individual policies need to be more accessible as well.  What do you guys think – go socialized or not?  Why?