It’s the Market, Stupid
From Reason:
The New York Times calls it “possibly the most complex legislation in modern history.” The health care “reform” currently being hammered out by the Democratic leadership of the House of Representatives already clocks in at $1 trillion and 1,000 pages—and it’s nowhere near done. But one thing is clear: the legislation attempts to substitute top-down mandates from a centralized bureaucracy for the distributed decisions made by millions of consumers, physicians, and insurers acting in a marketplace. This will fail.
While I agree that the legislation will fail — in the sense that it will ultimately produce worse health outcomes at higher cost than our current system — I am quite concerned that the legislation will not fail to pass.
It’s embarrassing — and should be offensive to anyone who has ever taken a civics or US History class — that a piece of legislation this big and complex, that affects a huge portion of our economy, could be rushed through without being read, in an attempt to create yet another “entitlement” that will be nearly impossible to take away.
Read the article for a great summary of what a true market in healthcare might look like…
