Kristian Niemietz is quoted in the Telegraph Business
The exact source of the funds has yet to be determined. There has been some talk of a “Brexit dividend”, although extra taxes and borrowing will be needed as well.
It coincides with the NHS’s 70th birthday so the giveaway has been offered as something of a present to the UK’s favoured septuagenarian.
Yet as anyone who is still working after 70 years can attest, many of the ways they worked in their youth are no longer applicable now.
Kristian Niemietz of the Institute of Economic Affairs is an advocate of a mandatory social insurance system.
“I suggest adopting that kind of system wholesale – you would pay your insurance company directly. If you can’t afford it, the government tops it up,” says Niemietz.
His studies of countries including the Netherlands and Switzerland suggest these systems typically have better health outcomes, with higher cancer and stroke survival rates than the UK. He favours a system with mandatory insurance but user choice over the precise package – for instance, an unlimited policy with access to any healthcare provider, or a cheaper version where the customer still registers with a GP who controls access to care. However he acknowledges it may be hard to achieve unless there is “a major shift of opinion” among voters.
Read the full article here.
Further IEA Reading: Universal healthcare without the NHS