Copy-and-Paste: Krugman says economists have known for 45 years that healthcare is a dysfunctional market
Echoing what I just said, Paul Krugman says it better:
Economists have known for 45 years -- ever since Kenneth Arrow's seminal paper -- that the standard competitive market model just doesn't work for health care: adverse selection and moral hazard are so central to the enterprise that nobody, nobody expects free-market principles to be enough.(krugman's blog)
posted by 
Add your comment below
Feeds
subscribe to feed
follow on TwitterGet Started
For a good-read, check out my Five tips on how to change the language of the healthcare debate.
About this
My name is Philip Dhingra, and my goal is to ensure that progressive activists have the right words to effect change in America. Connect to my other blogging at Philosophistry or you can e-mail me.
What's new?
6/30 - Created Loaded Terms based off of my old Healthy Arguments site.
6/27 - Posted Five tips on how to change the language of the healthcare debate.
