Tom Nagle writes:I think it is pretty obvious why poor people are more harmed by the increase in health care costs than higher income people are. Much of the increase is a result of increases in mandated coverage for things like psychological counselling, birth control products, in-vitro fertilization, "lifestyle drugs", and very high cost treatments that merely delay death from a terminal illness. These are all things that a high income person might likely purchase (outright or via insurance) without a government mandate, but that a lower income person might be more likely to forego in order to have more income to spend on other things. The widespread satisfaction with health care among people in the UK and even Canada, despite the things not covered in the public healthcare system, is one indicator that the majority of people in developed countries would prefer to pay for less health care than government requires people to buy in this country. If it were legal in America to sell coverage equal to the Canadian system's coverage at the Canadian system's cost, I suspect it would quickly win the largest market share.Posted November 1, 2014 6:02 PM
David R. Henderson writes:Well said, Tom. In a speech I gave on health care once, I said, “I don’t want to mandate Canadian style health care for the United States; I want to allow it."
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