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Jul 27 / Jonathan

Why markets can’t cure healthcare

There’s more, of course; this is the last graf.

Paul Krugman: Why markets can’t cure healthcare

… All of this doesn’t necessarily mean that socialized medicine, or even single-payer, is the only way to go. There are a number of successful health-care systems, at least as measured by pretty good care much cheaper than here, and they are quite different from each other. There are, however, no examples of successful health care based on the principles of the free market, for one simple reason: in health care, the free market just doesn’t work. And people who say that the market is the answer are flying in the face of both theory and overwhelming evidence.

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  1. Laurence R. Hunt / Aug 16 2009

    Perhaps I am restating the obvious.

    Health care works better in Canada than the US. It’s not perfect here (in Canada), but it’s not crazy, as in the US.

    I have lived in Canada since 1971, and I access the health care system regularly. Clearly governments can regulate and fund some services better than can unregulated free markets – and I generally prefer free markets. But the evidence is what it it.

    If you’re concerned about your health, it is better to be in Canada by most measures.

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