December 10, 2009

TUNKU VARADARAJAN ON HEALTH CARE:

Medicare is not a bad thing, per se, but it is inefficient, costly, and fraud-ridden. If fully costed, no one would prefer a Medicare policy to a private plan. If subsidized, everyone would, and employers will tilt to make sure their employees subscribe to it. If so, this incremental Medicare approach would raise government-sponsored health insurance from about 60 percent (Medicare, Medicaid, veterans, and government employees) to 70 percent or more. So Republicans, libertarians, and others, beware: Much more than the camel’s nose in now under the tent.

This bill stinks. Kill it dead, and bury it at the crossroads with a stake through its heart.

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