OBAMACARE: Doing for healthcare what Fannie Mae did for mortgages? “In sum, a public plan would possess formidable and perhaps overwhelming competitive advantages — generated not by efficiency but by the artificial advantages of ‘public’ status. This would have two disastrous consequences. The first will be to cause most Americans now covered by private insurance to move to public insurance — one step away from single-payer health care. The second will be to undermine incentives to develop more of the immensely valuable medical technology that is central to all of health care.”
I’m particularly worried about undermining new lifesaving medical technologies, just as we reach a point where big things are in the offing.