Hayek, of “Road to Serfdom” fame believed that the government should provide universal healthcare. That said, the only trick in the history of the human experi

Hayek, of “Road to Serfdom” fame believed that the government should provide universal healthcare. That said, the only trick in the history of the human experience that consistently improves the lot of a society is taking a portion of the private surplus an applying to the public good. Best of luck making your own interstate highway system with you and your friends though. The ROI on that one is absolutely bananas, by the by. That said, don’t get me started on the ROI of the sewer system? Bonkers. Medicaid ? About 150% ROI in 1-2 years. What is missing from the simple ROI analysis is the counterfactual: if Medicaid didn’t exist, what would the actual aggregate cost to the economy be? Conservative estimate? ~$500 billion in economic growth lost annually if Medicaid didn’t exist. We spend approximately $800 billion on it annually, and get $1.6 trillion of ROI over 2 years. But yeah, donate to the Shriners.