The Tragedy of Health Insurance — Ronald Bailey

Health insurers are about to experience public sector discipline with a vengeance. The government-run public insurance option will eventually out-compete private health insurers by means of the simple expedient of Medicare-style price controls on physicians and hospitals. Under the guise of advocating choice and competition, the Obama administration and congressional Democrats are, in reality, pushing the country inevitably toward a single payer government health insurance scheme. The result will be rationed patient care and drastically slowed medical innovation.

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