23 Aug 2009 Dear President Obama: Please Read This
Join me in urging our President and every Member of Congress to read the article “How American Health Care Killed My Father” by David Goldhill in the September issue of the Atlantic.
I’m a Democrat, and have long been concerned about America’s lack of a health safety net. But based on my own work experience, I also believe that unless we fix the problems at the foundation of our health system – largely problems of incentives – our reforms won’t do much good, and may do harm. To achieve maximum coverage at acceptable cost with acceptable quality, health care will need to become subject to the same forces that have boosted efficiency and value throughout the economy. We will need to reduce, rather than expand, the role of insurance; focus the government’s role exclusively on things that only government can do (protect the poor, cover us against true catastrophe, enforce safety standards, and ensure provider competition); overcome our addiction to Ponzi-scheme financing, hidden subsidies, manipulated prices, and undisclosed results; and rely more on ourselves, the consumers, as the ultimate guarantors of good service, reasonable prices, and sensible trade-offs between health-care spending and spending on all the other good things money can buy.
Read it all here, pass the link (or this post) on to your Congressman, the White House and to others you know.
Hat tip: Greg Mankiw’s Blog.