Monday, July 09, 2007

Healthcare Scare Tactics

Compare and contrast. From "Health Care Terror" by NYT's Paul Krugman (previous post):

“We have always known that heedless self-interest was bad morals; we know now that it is bad economics.” So declared F.D.R. in 1937, in words that apply perfectly to health care today. This isn’t one of those cases where we face painful tradeoffs — here, doing the right thing is also cost-efficient. Universal health care would save thousands of American lives each year, while actually saving money. . . .

From the NYT piece I linked to on Saturday, "What’s Lacking in ‘Sicko’" by Dan Mitchell:

WHEN it comes to economic decisions, there are always trade-offs. Gain one thing and you lose something else. This is particularly true in health care, a market in which a scarce good is ridiculously expensive, but needed by everybody. . . .

[Color added.]

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