Consider the fields of cosmetic and Lasic eye surgery. Neither one is covered by health insurance so there are no second party purchases. Consumers must make a first party purchase. The net result? With the free market in place, the price of these surgeries has dramatically reduced while the quality has improved.
The Obama Administration has made the point that Americans spend more on health care than any other country in the world. That is certainly true. But the problem is not greedy health insurance companies or doctors looking to make a quick buck. It's the nature of the health insurance system because of government regulations.
The result is that we have the best health care system in the world, but costs that are out of control. The solution is not to imitate the rest of the world. (After all where would the rest of the world-- at least those who can afford it--go to get their health care if we change our system?) The solution is not to do more of what is causing us problems-but less of it. This means free market reforms that create more of a first party pay system.
Obama's proposed government run system cannot defy the law of economics-even though he would like us to believe that it could.
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