June 14, 2005

#184: Let's ignore those who believe in the marketplace...

P. Krugman


One Nation, Uninsured (06/13/05) is clearly a fill-in column for Paul Krugman– maybe he had to grade some late papers or something. In any case, it reveals some fault lines in his analysis of national health care insurance and confirms what we always knew his position to be – a single payer (read government) system. For example, he says right off the bat:

“Let's ignore those who believe that private medical accounts - basically tax shelters for the healthy and wealthy - can solve our health care problems through the magic of the marketplace.”

Well, we say, why ignore them? Why ignore arrangements that have worked for all other necessities of life, such as housing and transportation? Krugman is silent.

Then on the possible downside of a federal takeover of healthcare, he says:

“Some people, not all of them right-wingers, fear that a single-payer system would hurt innovation.“

Hey! That’s a real concern. If there is no incentive to innovate, why innovate? Again Krugman is silent.

We think this is all pretty simple. Krugman wants to bottle up the victim vote by promising to distribute health care equally and thereby achieve the great liberal dream of making all people dependent on government for healthcare. The scary thing is, it may work.

[The Truth Squad is a group of economists who have long marveled at the writings of Paul Krugman. The Squad Reports are synopses of their discussions. ]

Posted by John Weidner at June 14, 2005 10:20 PM
Weblog by John Weidner