Browsing the blog archivesfor the day Saturday, June 1st, 2013.

Free Market Follies

Obama Administration

Very much worth reading — “The $2.7 Trillion Medical Bill” by Elisabeth Rosenthal at the New York Times. It examines why health care costs so much more here than anywhere else. Basically, it’s the fault of a free market — because there are no constraints on what providers and vendors can charge, they’re all squeezing as much out of the system as they can. Other countries treat health care more like a public utility, with cost and rate regulations. But do read the article.

Also, see Paul Krugman, “We Are Not Having A Serious Discussion, Obamacare Edition

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