I’m not really in the mood, and don’t have the patience for a lot of the usual left vs. right posturing on this story.
One thing, as Romney is responsible for RomneyCare in Mass., I am at a loss as to how he criticizes ObamaCare with a straight face.
So I’ll just leave a few good links on the story.
A lengthy, thoughtful post from Dr. Munger.
Kids Prefer Cheese: Single Payer: A number of people have written to express surprise that I “favor” single payer health insurance. Not sure that’s accurate. I would prefer personal responsibility, and a competitive market in health care. Modeled after the very successful, constantly cheaper, constantly better quality, service in Lasik surgery and other “elective” surgeries. If someone, anyone, would even consider going in that direction, that would be fine.
Milton Friedman’s classic 2001 piece is a must-read.
How to Cure Health Care – Hoover Institution: Since the end of World War II, the provision of medical care in the United States and other advanced countries has displayed three major features: first, rapid advances in the science of medicine; second, large increases in spending, both in terms of inflation-adjusted dollars per person and the fraction of national income spent on medical care; and third, rising dissatisfaction with the delivery of medical care, on the part of both consumers of medical care and physicians and other suppliers of medical care.
And finally, from Murray Rothbard.
Government Medical “Insurance” – Murray N. Rothbard: One of Ludwig von Mises’s keenest insights was on the cumulative tendency of government intervention. The government, in its wisdom, perceives a problem (and Lord knows, there are always problems!). The government then intervenes to “solve” that problem. But lo and behold! instead of solving the initial problem, the intervention creates two or three further problems, which the government feels it must intervene to heal, and so on toward socialism.
The Power to Tax is THE Power – The Freeman
Glenn Reynolds on the hidden cost of national health care
3 Essential Takeaways From the Obamacare Decision: Gov’t is Still Unlimited, Romney’s Still Lame, & Health Costs Still Set to Rise