Restoring The Republic III – Curing The Sickness Known As Healthcare
Don’t get me wrong. I like O-Care about as much as I like getting a prostate exam. The bill is typical of unthinking, boilerplate socialism’s response to the negative externalities that result from market failure. We should therefore trash Obamacare, but let’s just make that the warm-up set. The real heavy lifting required to fix our healthcare system involves addressing the causes of a market failure so catastrophic that something as obviously stupid as Obamacare seemed like a palatable solution.
Karl Denninger explains why poor people often can’t afford health insurance. The care provided is so badly overpriced that health plans are paying out more vastly more than the goods and services provided can possibly be worth. He describes the price mark-up of a common chemotherapy drug below.Read More »