The Economics of Health Care

I Am Not a Health Reform | New York Times

The most bizarre aspect of the current American “debate” on health care reform is the fact that the only people who talk about the economics of health care are the “liberals”. In this opinion piece, two Harvard researchers emphasize the horrific waste that characterizes the current system.

With the exception of Dennis Kucinich, the Democratic presidential hopefuls sidestep an inconvenient truth: only a single-payer system of national health care can save what we estimate is the $350 billion wasted annually on medical bureaucracy and redirect those funds to expanded coverage. Mrs. Clinton, Mr. Edwards and Mr. Obama tout cost savings through computerization and improved care management, but Congressional Budget Office studies have found no evidence for these claims.

The Congressional Budget Office‘s studies and projections over the past 20 years or so have been remarkably accurate. The reasons why “conservatives” who are ostensibly pro-business oppose realistic health care reform that is guaranteed to save ungodly sums of money and even rescue companies like General Motors elude me utterly. Why is Kucinich the pro-business candidate?

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