Tuesday, July 31, 2012

Works For Them

Mitt Romney loves socialized medicine… someplace else.

During a trip to Israel, Mitt Romney hailed the nation’s health care system for holding down costs and broadening coverage more effectively than the U.S.

The irony: Israel contains costs by adopting a very centralized, government-run health care system — anathema to Romney’s Republican Party.

“Do you realize what health care spending is as a percentage of the GDP in Israel? Eight percent. You spend eight percent of GDP on health care. You’re a pretty healthy nation,” he said Monday at a breakfast fundraiser, according to the New York Times. “We spend 18 percent of our GDP on health care, 10 percentage points more. That gap, that 10 percent cost, compare that with the size of our military — our military which is 4 percent, 4 percent. Our gap with Israel is 10 points of GDP. We have to find ways — not just to provide health care to more people, but to find ways to fund and manage our health care costs.”

Israel’s health care system is an instructive exercise in all that rankles American conservatives — replete with government mandates, price controls and centralized payments funded mostly by high taxes.

We should try that here.