Oh, oh, it’s magic

Friday, June 29th, 2007

The Economist blog gets a bit snarky — accurate, but snarky — with Oh, oh, it’s magic:

Advocates of a single-payer health care system for America often seem to be saying that their system will make everything better and nothing worse.
Medical innovation, it seems obvious, currently proceeds at its rapid pace because there are, in the American market, vast profits for doing so. This is why drugs and medical equipment tend to be introduced there, rather than, say, Sweden, despite the latter’s much-praised socialised system. But single-payer advocates angrily deny this. Pharmaceutical companies are blood-sucking leeches who spend all our money advertising viagra, so killing their profits won’t make us any worse off.

Isn’t it marvelous that single payer healthcare solves every single problem while having no drawbacks?

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