Venezuela’s Health Care System Is in Shambles, but Markets Are Already Responding | WHAT REALLY HAPPENED

Venezuela’s Health Care System Is in Shambles, but Markets Are Already Responding

By Byron Carson

Hospitals are supposed to help people, not become a source of their ailment. Generally, hospitals do help people. According to the data and graphing tools of Gapminder, rates of child mortality and malnourishment are negatively correlated with the number of physicians per 1,000 people and the number of hospital beds per 1,000 people. Similarly, the percentage of a population surviving to age 65 increases with the number of physicians and hospital beds.

In the United States, for example, we have a relatively well-run health care system despite some problems. Problems with the American health care system, however, could not be more inconsequential than those in Venezuela. Indeed, Venezuelan health care has flatlined and is almost non-existent under a government that continues to centrally plan its economic affairs. This outcome, unfortunately, comes in addition to the ongoing collapse, an estimated inflation rate of 10 million percent, outward migration of more than four million, continuing starvation, and ominous blackouts...

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