From Who pays for health care?:
Paul Krugman has a good column on rising healthcare costs and how to ration them. Krugman has been a frothing nutter for about 6 years now, so it’s nice to see something honest and reasonable for a change.On the topic of rising healthcare costs, Krugman correct identifies the main culprit: new (expensive) medical technology.
Krugman’s prescription is to have the government step in and regulate pricing. He does not point out that this fix works by eliminating new (expensive) medical technology. This does not matter if you are an old person or someone with a treatable disease, but sucks if you are a young person or have a (currently) untreatable disease.