Health care seems to be the hot topic, so let me take another hack at this. Any viable solution to our problem, and I don’t find many people nowadays denying that there is a problem, must include a robust government option. Let’s keep this really brief: There are circumstances in every economy where ‘market forces’ […]

For me the central issue in health care is getting the alignment of incentives right. I realize that sounds dull, so let me explain. In a private system of allocation it is the price that helps force all the various components fall into line. If a price is too high then a consumer won’t buy […]