Friday, August 26, 2005

THE MORAL-HAZARD MYTH

THE MORAL-HAZARD MYTH

"A country that displays an almost ruthless commitment to efficiency and performance in every aspect of its economy—a country that switched to Japanese cars the moment they were more reliable, and to Chinese T-shirts the moment they were five cents cheaper—has loyally stuck with a health-care system that leaves its citizenry pulling out their teeth with pliers."


Lengthy must-read on American health care.

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