Health Care From Adam Smith

by Larry Emmott on July 12, 2008

in General

An interesting article on health care costs and government run single payor options, read the whole thing.

Milton Friedman, another illustrious free market economist in the long line extending from Smith, noted in a 2001 essay in The Public Interest that technological leaps in agriculture, transportation and communication have lowered prices and raised quality. Yet such technological leaps in medical technology have been accompanied by higher rather than lower costs. The reason, he explained, was single-payer health care — that is to say, government-sanctioned employer-based health insurance,

Emmett Tyrrell :: Townhall.com :: Health Care From Adam Smith.

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