No to nationalised insurance

I write this letter with no intent to belittle the author even though it may be construed that way by some; such is the nature of criticising.

My comments are intended to specifically address the woefully misguided idea he has put fourth. I read with equal amusement and terror at the comments of Roy Bodden in the Cayman Observer article on 18 October titled Call for National Insurance.

Amused at the fact he, a seemingly educated man, could be so economically ignorant as to suggest that nationalizing healthcare (or anything else) in Cayman is the way to go when the results from so many countries have proven it to be a colossal financial failure, and yes, that includes his beloved UK model.

Then there’s the feeling of terror at the fact that he could potentially be part of the government again and possibly enact such an economically foolish agenda.

Why would we want to copy a system in which so many of its own people have described it as in crisis and needs reform for years?

I highly suspect it’s because promising people things like cheap and universal healthcare is a proven way to get elected; that’s despite the reality that Mr. Bodden and his ideas will be able to sustainably deliver neither.

Show me a socialised healthcare system and I’ll show you a system that is fighting unsustainable costs as a result of political and financial realities.

I could throw out a lot of different countries and lots of financial figures here but I won’t.

Unlike most politicians, I don’t want anyone to simply take my word for it.

Just use the internet and search the name of any country with socialised healthcare and type the word healthcare crisis after it, then simply decide for yourself.

Government should be trying to ensure a more free market with strong yet minimal regulations that ensures such services can be provided efficiently and competitively, not free of cost, but at the lowest cost possible.

Government should not be competing against its own citizens, limiting a free market and taking away personal freedoms all under the guise of helping us.

Thanks, but no thanks.

Mr. Bodden’s socialist ideas would undoubtedly lead to more bureaucracy, more power for politicians and less for voters, less efficiency, less freedom and much higher costs; all of which will do tremendous damage to Cayman’s economy and its people.

Such things are inherently what happen when governments try to control and operate business for which they have no expertise in.

Government is the only job in the world where you can have so much control and power while being so poorly qualified or experienced to do so.

As the old saying goes ‘Its great work if you can get it’.

That’s yet another reason why the private sector is always more efficient than government in business, it does not reward incompetence.

Perhaps it is presumptuous of me but maybe a move to Cuba or Venezuela may be the way to go for Mr. Bodden?

I say that only because they also love nationalising private enterprise while trampling on individual rights and freedoms all in the name of helping the people.

It’s too bad playing to the ignorant is so effective at getting people elected; it’s the only reason why people who support things like nationalising get elected.

Ironic how Cayman is now trying its best to get away from the evils of monopolies yet we’re now supposed to support a government monopoly on insurance?

Again, thanks but no thanks.

The great Greek philosopher Plato once said ‘One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.’

These types of socialist and economically damaging agendas from current and former government officials are why Cayman needs new people to step up and take control of the government instead of the same old re-treads we see every election.


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