An instructive myth-versus-fact visual when it comes to public assumptions regarding corporate profits…
CFIF on Twitter CFIF on YouTube
Image of the Day: Myth Versus Fact Regarding Corporate Profits

An instructive myth-versus-fact visual when it comes to public assumptions regarding corporate profits, courtesy of AEI:

. [caption id="" align="aligncenter" width="520" caption="Myth Versus Fact: Corporate Profits"][/caption]

.…[more]

January 17, 2018 • 01:08 pm

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
Single-Payer a Danger for Cancer Patients Print
By Betsy McCaughey
Wednesday, January 10 2018
Millions of American women have survived breast cancer thanks to high-tech screening and new gene-based therapies. And millions of men and women have escaped death by taking statin drugs to lower cholesterol and through thrombolytic therapy to prevent stroke damage.

Today, breast cancer kills 39 percent fewer women than 25 years ago. Prostate cancer kills 52 percent fewer men, the American Cancer Society announced last week. You can thank new technologies that detect cancer early and defeat it for many of the lives saved. Americans diagnosed with most types of cancer have better odds of surviving it in the U.S. than anywhere else on the planet.

But watch out. These staggering achievements are at risk. A chorus of Democratic politicians is kicking off 2018 with renewed calls for universal, government-run health care. Leading the pack for single-payer are presidential contenders Senators Elizabeth Warren, D-Mass., Kirsten Gillibrand, D-N.Y., Cory Booker, D-N.J., and Bernie Sanders, I-Vt.

Single-payer advocates intend to make their scheme affordable by slashing the use of costly medical technology and new drugs. That's a death sentence for many cancer patients. It robs them of what they need to beat their illnesses.

Decades of medical inroads against cancer and America's other top killercardiovascular diseasemean the average American turning 65 now will live nearly four years longer than someone who turned 65 in 1970. Four more years of life.

Washington politicians who claim American health care is "broken" ignorantly disregard these facts. They measure progress by how many people have insurance rather than by how many patients can survive cancer and heart disease, the two diseases responsible for almost half the deaths in the U.S.

The lead editorial in the current issue of the prestigious Journal of the American Medical Association, by Stanford economist Victor Fuchs, claims the way to make universal health insurance affordable is to curtail use of mammograms, costly new drugs and diagnostic technologies.

Arguing that the U.S. spends nearly 18 percent of GDP on health care, while European countries spent about 12 percent, Fuchs and other single-payer proponents claim Americans are too enamored with high-tech care. The answer, the left says, is to go low-tech. That argument would be laughable if it weren't so dangerous. Countries that limit use of technology, like the United Kingdom, have abysmal cancer survival rates.

Millions of American women have survived breast cancer thanks to high-tech screening and new gene-based therapies. And millions of men and women have escaped death by taking statin drugs to lower cholesterol and through thrombolytic therapy to prevent stroke damage. In fact, strokes and heart attacks could be reduced by an additional 31 percent if statins were used more widely than the U.S. Preventive Services Task Force recommends, according to a new report in the Annals of Internal Medicine.

Fuchs claims that "less innovation is not always harmful." Baloney. Lives depend on it. The next cardiovascular breakthrough may be injections of the anti-inflammatory canakinumab, which researchers report produces a 15 percent reduction in cardiovascular incidents and can eliminate the need for stents and bypass surgery.

No one denies health care costs must be reined into spare consumers, employers and taxpayers. But instead of slamming the door on new technology, reform should tackle the biggest money wasters:

First, obesity, a major factor in hypertension and many cancers. Americans are twice as likely to be obese now than they were in 1980.

Secondly, hospital infections. When a patient undergoing a heart procedure gets infected, it adds a whopping $38,000 to the cost, according to the Journal of the American College of Cardiology.

Thirdly, deplorable care at nursing homes. Patients discharged from hospitals to nursing homes for rehab have higher death rates than patients who get more care in the hospital instead, data from the Journal of Health Economics show. The rogue nursing home industry wastes money while causing needless deaths.

Finally, an excessively long and costly FDA approval process, requiring more than a decade, on average, to bring a new treatment bedside.

The American Cancer Society reports we are on the brink of a wave of cancer breakthroughs. Don't let the politicians kill it.


Betsy McCaughey is a senior fellow at the London Center for Policy Research and a former lieutenant governor of New York State.
COPYRIGHT 2018 CREATORS.COM

Question of the Week   
Which one of the following U.S. Naval officers is famous for stating: ‘Damn the torpedoes, full speed ahead’?
More Questions
Quote of the Day   
 
"WASHINGTON (Reuters) - The U.S. Senate on Thursday passed a bill to renew the National Security Agency's warrantless internet surveillance program for six years with minimal changes, overcoming objections from civil liberties advocates that it undermined the privacy of Americans.The legislation, which easily passed the House of Representatives last week, is expected to be signed into law by President…[more]
 
 
—Dustin Volz, Reuters
— Dustin Volz, Reuters
 
Liberty Poll   

Traditionally, the President's political party loses Congressional seats in midterm elections. Will the positive economic trends being generated by tax reform allow Republicans to retain enough seats in 2018 to maintain majorities in both houses?