Tuesday, September 15, 2009

Milton Friedman Speech At the Mayo Clinic in 1978

Government's Health Care Role



Rising Cost of Health Care

The genius of Milton Friedman is that his economic insights are as powerful as they are timeless. Despite the fact that these comments were made more than thirty years ago in 1978 at the Mayo Clinic in Minnesota, they ring as true today as they did then.

3 Comments:

At 9/15/2009 9:11 PM, Anonymous Anonymous said...

Priceless, he could reach across the aisle. Why he is vilified in the press today is beyond me. I watched him in countless debates decimate his opponents. A true American treasure.

 
At 9/15/2009 10:07 PM, Anonymous Anonymous said...

While perhaps having some validity 30 years ago, the premise that the AMA has something to do with licensing physicians today is totally false. Physicians are licensed by state medical boards comprised of appointed members, the majority of which are often lay people. A very small minority of physicians actually are members of the AMA these days

 
At 4/01/2010 8:09 PM, Anonymous Anonymous said...

Friedman didn't say that AMA controlled licensing. He said government did, and it does. AMA controls the schools who train doctors and without a degree from an approved school you cannot even sit for a licensing exam. Friedman's comments are as valid today as they were in 1978.

 

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