The Recent Health Care Bill New York Times (blog)
In Becker’s opinion, the health care bill that passed recently is a disaster for at least two reasons. First, it seems to do little or nothing to deal with the single most important shortcoming of our current system: the fact that people pay very little on the margin for the medical care that they receive. Imagine that you could show up at a car dealership and have any car you wanted, and as many cars as you wanted, for no marginal cost. The market for cars would be in complete chaos, and people would have too many cars, and the ones they had would be too nice.
That is more or less the situation we now have with health care. It isn’t pretty to talk about, but if it costs $200,000 to keep an octogenarian alive for a month, someone has to pay for it. If it were the children of that octogenarian who had to cover part of the bill, and paying for that last month of life was the difference between being able to pay for the octogenarian’s grandchildren to go to college or not, there would be some hard choices to make. With health care expenditures approaching 20% of GDP, there are going to be tough choices. Markets cannot function when the people who receive the benefits of a good or a service are not the ones who are paying for it.
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National PostMedical bills played role in majority of bankruptciesBy JASON ROBERSON / The Dallas Morning News Medical bills were a factor in 62 percent of personal bankruptcies nationally, and 75 percent of those bankruptcy filers had health insurance, according to a study released Thursday. Bankruptcy and Medical Costs or, Why Not a Single-Payer Income Medical bills lead to
