This article gives a wonderful summary of the many problems with our health care industry and why Obama's proposal won't really help fix it (though the author isn't entirely opposed to the current bill in Congress). I'm not sure how well his HSA plan proposed on the final page will work, but it sounds a whole lot smarter than the system adjustments currently proposed. It's good to see an article written by a Democrat who doesn't deny established economic principles.
Hat tip to Dr. Mankiw for posting it.
Hat tip to Dr. Mankiw for posting it.
1 comments:
Brilliant article. It expresses a lot of what I said in my last comment about this issue. I particularly like his insight comparing the absurdity of using "insurance" to pay for minor health care to paying your electric bill with your homeowner insurance.
Thanks for sharing.
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