MDL's Jon Hunter notes with studied neutrality that HHS nominee Kathleen Sebelius has a "heroic" task before her. He observes that over half of health care is already paid for by taxpayers.
So why not just simplify things and have taxpayers foot the entire bill? Economist Henry Aaron decribes our current system as "an administrative monstrosity, a truly bizarre mélange of thousands of payers with payment systems that differ for no socially beneficial reason." Medicare patients rate their access to quality care higher than do commercial plan clients (or Medicaid pateints—an interesting difference).
If health insurance is rational, then the most rational plan is to create the largest risk pool possible: 300 million Americans, all chipping in to cover each other's health care.
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