Wednesday, October 5, 2011

Don't Blame Capitalism for High Health Insurance Costs

Via Milton Wolf

Suppose Congress passed a law requiring that all restaurant meals include broccoli and okra, whether the customer wanted them or not. Restaurants must also charge the same price for all meals, regardless of whether the customer ordered a small salad or a large steak. And they must serve free meals to children up to age 26 whenever their parents purchased a meal.

As meal prices rose, most Americans would understand that this was caused by the government regulations, not the free market. Today, similar laws are driving up the price of health insurance—and it's equally important not to unfairly blame capitalism for the problems caused by the government.

MORE

No comments:

Post a Comment