Did you know there was no health insurance until 1930 and that 90 percent of today’s medical care did not even exist in 1950? Yet, health insurance has not evolved to match the innovation or the demand. On this week’s edition of “The Bill Walton Show,” economic author John Steele Gordon and I discuss how our antiquated health insurance system has utterly failed to keep pace with modern medicine, how our healthcare system became such a tangled, costly mess and where we can find simple, free market solutions.
The next time you feel the urge to join a major protest to condemn the elite, powerful forces who are supposedly making your lives worse, don’t bother. The event is most likely organized by elite, powerful forces who are getting rich off your activism while you don’t make a dime or a dime’s worth of difference.