The Economics of the “Public Option”
The current national preoccupation with healthcare has produced a lot of baggage and straw men arguments from both “sides” of the debate. The discussion of alleged problems of the current healthcare industry has devolved into a shouting match over “death panels,” the “public option,” and “obscene costs.” While there may indeed be concern for these residual issues, neither Republicans nor Democrats are able, or willing, to consider the fundamental economic concerns that are the root of all the industry’s current woes.
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