Two Fantastic Pieces on Healthcare

These are both a bit long, but absolutely fantastic. Well worth the time.

The first is a link to a 28-page article from Dr. Roberts.

The Best Essay on Health Care: The best essay on health care, ever, is by John Cochrane (HT: Bryan Caplan). It is wise, witty, and full of good economics. Read the whole thing. Then read it again. You will be wiser. It’s a defense of allowing health care to emerge from the bottom-up rather the top-down. Cochrane explains why the current legal and regulatory framework keep those bottom-up solutions from happening already.

The second is a classic from Milton Friedman in 2001.

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.