Crisis of Abundance

Monday, March 24th, 2008

Arnold Kling cites the preface of his own Crisis of Abundance, now in paperback:

[W]e want our health care system to have three characteristics: unfettered access to medical services (no rationing or supply constraints); personal insulation from health care costs (paying for medical services through insurance rather than out of pocket); and economic efficiency (cost-effective, sustainable health care finance). At most, we can have two of these three features.

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