Cochrane on Health Care

http://www.futureofcapitalism.com/2012/07/cochrane-on-health-care

University of Chicago professor John Cochrane has a Bloomberg View piece about health care:

Health care is a complex service, in which each person's needs are blurry, and the line between "need" and "want" blurrier still. Imagine if the government decreed that law firms, car-repair shops, or home contractors had to charge everyone the same price, and couldn't turn anyone away. "House fix," for example, would be $1,000 per year, no matter how large the house or what shape it's in. Why do we think this will work for medical services?

by Editor  |  Jul 13, 2012 at 10:33 am Related Topics:  Health Care receive the latest by email: subscribe to the free futureofcapitalism.com mailing list