FUCK THE POLICE
911 EVERY DAY
http://krugman.blogs.nytimes.com/2009/06/28/health-care-is-not-a-bowl-of-cherries/
Health care is not a bowl of cherries
Or a carton of milk, or a loaf of bread.
Both George Will and Greg Mankiw basically argue that we don’t need a government role because we can trust the market to work — hey, we do it for groceries, right?
Um, economists have known for 45 years — ever since Kenneth Arrow’s seminal paper — that the standard competitive market model just doesn’t work for health care: adverse selection and moral hazard are so central to the enterprise that nobody, nobody expects free-market principles to be enough. To act all wide-eyed and innocent about these problems at this late date is either remarkably ignorant or simply disingenuous.
There are several links and sources embedded into the words at the link.
Health care is not a bowl of cherries
Or a carton of milk, or a loaf of bread.
Both George Will and Greg Mankiw basically argue that we don’t need a government role because we can trust the market to work — hey, we do it for groceries, right?
Um, economists have known for 45 years — ever since Kenneth Arrow’s seminal paper — that the standard competitive market model just doesn’t work for health care: adverse selection and moral hazard are so central to the enterprise that nobody, nobody expects free-market principles to be enough. To act all wide-eyed and innocent about these problems at this late date is either remarkably ignorant or simply disingenuous.
There are several links and sources embedded into the words at the link.