Wednesday, December 2, 2009
How to Fix Health Care: Lasik Surgery For The Medical Debate
Make no mistake about it. Health care reform is coming. But what's the best way to fix our health care system, which is an inefficient, complicated mess of private actors, third-party payers, public subsidies, and innumerable state and federal regulations? Should we place our faith in the government or in the free market?
ObamaCare supporters argue that the answer lies in more government—more subsidies, more regulations, a law mandating individuals buy health-insurance coverage and, of course, more taxes to pay for it all.
The alternative is to base reforms on what works in the other five-sixths of the U.S. economy, where choice and competition increase quality and drive down prices over time.