A healthcare Federal Reserve

The American Prospect
Posted: July 31st, 2008 by Steve Trinward
Author: Ezra Klein

“Private insurance in the United States suffers from a legitimacy problem: It’s hard to trust that the HMO is working in your best interests when they exist to make money, and they make money by rejecting your care. Not every American has an economics degree, but we’re not idiots: Incentives matter. Meanwhile, for all the talk you hear of the awful rationing worldwide, there’s no developed country where the citizens are even close to as unhappy with their healthcare as we are. … Which is why ideas like Tom Daschle’s proposal for a Healthcare Federal Reserve have a certain political logic to them.” [editor’s note: Oh great; not one LESS Fed, to tinker with the system constantly while destroying markets, but another one … to further @#$% up our health? - SAT] (07/31/08)

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