Friday, April 22, 2005

Krugman on Health Care Idiocy

It must be Health Care Week in the public sphere. In addition to the posts from Ezra Klein which Elise talks about here, here, and here below, Paul Krugman is weighing in on the insanity of the American health-care system. A taste:

The United States spends far more on health care than other advanced countries. Yet we don't appear to receive more medical services. And we have lower life-expectancy and higher infant-mortality rates than countries that spend less than half as much per person. How do we do it? ... So we've created a vast and hugely expensive insurance bureaucracy that accomplishes nothing. The resources spent by private insurers don't reduce overall costs; they simply shift those costs to other people and institutions. It's perverse but true that this system, which insures only 85 percent of the population, costs much more than we would pay for a system that covered everyone.