Wednesday, January 4, 2012

Obamacare and Cost Control - Will The Two Ever Meet?

In reality, cost control is simple.  Everyone knows how to do it: Austerity and incentives.  Government needs to spend less, and stop using regulation to discourage frugality.  Alas, these realistic solutions are extremely unpopular.  Gruber is too technocratic to go full populist and say, "We should spend as much as it takes to give the best possible health care to every American."  But in the end, that's the philosophy behind Obamacare: Do whatever it takes to cover everyone, and hope the American public one day sees the wisdom of austerity and incentives.
http://econlog.econlib.org/archives/2012/01/sins_of_omissio.html

Quite simply, it would be hard to get a better summary of what is wrong with health care and why all the talking heads you generally hear have no idea what they are saying.

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