James A. Morone, of Brown University and Brookings, writes,
If you want market-oriented health insurance, then leave health insurance to the market. Do not put it on a government exchange.
Professor Morone may ve correct about where health insurance in this country is headed. However, such a “compromise” will be an unmitigated defeat for market principles. Corporatism is not capitalism.
The ACA itself has two large programmatic components. One is a classical Republican idea: health insurance marketplaces. The other expands a program from the Democrats’ halcyon days: Medicaid. The red half of the law tries to tap the magic of market capitalism; the blue half grows the kind of Great Society government program much loved by liberals. The compromise –which might point to the future of American health care—puts the red and the blue together in an unanticipated way.I object to characterizing health exchanges as “the magic of market capitalism.” To me, health insurance marketplaces run by the government are no such thing. As we are seeing, health insurance exchanges turn the insurance companies into government-run utilities.
If you want market-oriented health insurance, then leave health insurance to the market. Do not put it on a government exchange.
Professor Morone may ve correct about where health insurance in this country is headed. However, such a “compromise” will be an unmitigated defeat for market principles. Corporatism is not capitalism.
Source: Arnold Kling, Health Insurance Corporatism, askblog, December 22, 2013
No comments:
Post a Comment