Sunday, February 10, 2008

Market Failures In Everything: US Medical Care

Another in the continuing series mocking the triumphalist "Markets In Everything" series at Marginal Revolution.

Market-Based Failure — A Second Opinion on U.S. Health Care Costs
Robert Kuttner's brief editorial in the New England Journal Of Medicine, pointing out the obvious reasons why single payer universal health care would cost less than the current market-based system..

3 comments:

Geoffrey Macomb said...

I'm currently on the fence about this one. I'd rather see tax incentives (a reimbursement plan basically) for individuals that use and maintain gym memberships. Other than that though, I don't know how much government control there should be on people's healthcare.

Geoff

Mark Plus said...

Despite all the conservative rhetoric about the evils of socialized healthcare, that hasn't stopped conservative politicians like Dick Cheney from getting medical treatments at taxpayers' expense for pre-existing conditions that would make them uninsurable in the market.

Anonymous Bosch said...

Apparently we've reached a point where the term "socialized medicine" actually polls well...

Overton Window is snapping back to the center.