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May 3 / Jonathan

Death by Insurance

Paul Krugman, from behind the NT Times paywall, courtesy of Mark Thoma:

Many pundits see red at the words “single-payer system.” They think it means low-quality socialized medicine; they start telling horror stories — almost all of them false — about the problems of other countries’ health care. Yet there’s nothing foreign or exotic about the concept: Medicare is a single-payer system. It’s not perfect, it could certainly be improved, but it works.

So here we are. Our current health care system is unraveling. Older Americans are already covered by a national health insurance system; extending that system to cover everyone would save money, reduce financial anxiety and save thousands of American lives every year. Why don’t we just do it?

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