You are currently browsing the Armchair Economist weblog archives for the day August 11, 2007.
- General post (802)
- April 3, 2008: Armchair Economist gets a much-needed update
- April 3, 2008: Ghost of Herbert Hoover
- April 3, 2008: Are you smarter than a high-schooler?
- April 3, 2008: Katrina hero: Wal-Mart
- April 2, 2008: No Child Left Behind
- April 2, 2008: The poverty hype
- April 2, 2008: Oil profits
- April 2, 2008: Don's response
- April 2, 2008: Oil refinements
- April 1, 2008: My profile
Archive for August 11, 2007
Consumer-based health care
August 11, 2007 by Tom Armstrong.
Newt Gingrich on the American health-care system.
Notable:
Those who argue for Washington-controlled bureaucratic health care falsely claim that the free market is not working in health care. They are wrong. We currently don’t have a free market in health care. Our current employer-based system, which was originally adopted as a way around wage and price controls during World War II, almost totally removes the consumer from normal free market practices. Consumers have been shielded from the true cost of care, as well as from decision making, and kept in the dark about price and quality. Consumers have virtually no incentive to seek out high-quality, low-cost care, which is the main reason why costs are perpetually on the rise.
Posted in General post | 2 Comments »