RSS 2.0 FeedHealth Care @ Coyote Blog
by Brad WarbianyOver at Coyote Blog, Warren takes WaPo columnist Steven Pearlman to task for an article on health care. It’s far too extensive to summarize, but I highly recommend taking a look. An excerpt:
But let’s get into all that money-grubbing. Mr. Pearlstein reads the study as saying the problem is all that profit. Because we have layers of profit in the distribution channel, our health care costs more than it does in Europe, where you have the efficiency [sic!] of government management. Before we get into detail, I would observe that this fails a pretty basic smell test right off: Nearly every single product and service we Americans buy, all of which are rife with layers of nasty profits in the supply chain, are cheaper than their counterpart services and products in Europe. If this layering of profit without government management is a problem, why is it only a problem in health care but not a problem in thousands of other industries.
