Is Lack of Access to Healthcare Stifling Entrepreneurship?
Paul Kedrosky had a very interesting take on entrepreneurship this week on “Marketplace.” In an interview with Tess Vigeland, he suggested that access to healthcare, and not access to capital, was a key obstacle to entrepreneurship in today’s economic climate. An excerpt:
Vigeland: So then you have these non-20 somethings who are opening up these businesses. What is standing in their way? You do talk about in the article about how health care is a really big issue.
KEDROSKY: Right. Exactly. One of the myths in entrepreneurship is this idea that the primary obstacle is the availability of capital when most entrepreneurs are ego-driven people who believe that they can manage technology risk, they can manage capital risk, what they can’t manage is health risk.
Vigeland: So this an argument for universal health care, that will then allow people who are more worried about their health, and really need the insurance to go out and start their own businesses.
So what do you think? Is lack of access to affordable healthcare a key factor in stifling innovation and entrepreneurship?