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Sunday, October 04, 2009

Why free-market approach is best for healthcare

Our food distribution system works pretty well. People don't starve to death in this country. In fact, thaye have a cornucopia of food choices from around the globe. The poor get food stamps. The rest of us go for the best quality and the best deal. We have no shortages, we have abundance.
The current "solutions" for healthcare take the opposite tack and will result in shortages and higher prices. Government tries to fix prices and reduce costs and the result will be stagnation, not the innovation that competition brings.
A free-market is not an anything goes market; it is one iin which the regulators allow maximum flexibility for a competion 0f ideas and goods. The way to briing down health costs is to have the government back off and allow interstate competion of insurance; and competition between caregivers (let there be first-aid clinics staffed by nurses for the day-to-day stuff); and bigger deductibles so we becoome better shoppers hand so practitioners have an incentive to introduce lower-coat treatments; and catastrophic insurance for all for coverage for the big stuff.

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