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Politics : A US National Health Care System?

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From: TimF	11/6/2007 2:05:00 PM
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Arnold Kling on the Economics of Health Care and the Crisis of Abundance Arnold Kling of EconLog talks with EconTalk host Russ Roberts about the economics of health care and his book, A Crisis of Abundance: Rethinking How We Pay for Health Care. Kling discusses whether we get what we pay for when we spend money on health care, why health care isn't like cars, and why health care insurance isn't really insurance. The conversation closes with a discussion of innovation in America's health care system and why America is so unlike everywhere else. econtalk.org Cut those costs! Russell Roberts If the government paid for everybody's health care, some argue that we'd save money by cutting out administrative costs. The logic is that we'll save on all those bureaucratic duplications caused by multiple insurance providers. The empirical evidence is that in countries where government pays for health care, they spend less for health care than we do in America. But as Arnold Kling points out, they spend less not because they're more efficient but because they provide fewer services. Charlie Quidnunc makes an even deeper point in the comments on this earlier post: If profits and administrative costs are so terrible, why stop at eliminating them in the health industry? Why not get rid of those pesky elements in other industries? How about creating a single provider Information Technology industry? Think about how much better computers would be without all that complex and expensive competition between companies. Or single provider Automobile industry. Or single provider food companies. Why not have the government decide what a wholesome and nutritious meal should look like and eliminate all that expensive experimentation in fancy restaurants? cafehayek.typepad.com

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