Thursday, August 6, 2009

Laffer's Recipe For Fixing US Health Care

In a August 5, 2009, Wall St. Journal article, "How to Fix the Health-Care ‘Wedge’" Arthur Laffer argues than Obama misdiagnosed the problem with the US health care system.

Laffer says, "Consumers are receiving quality medical care at little direct cost to themselves. This creates runaway costs that have to be addressed. But ill-advised reforms can make things much worse."

Laffer adds, "Implementing Mr. Obama’s reforms would literally be worse than doing nothing."

Laffer concludes, "Because Mr. Obama has incorrectly diagnosed the problems with our health-care system, any reform based on his priorities would worsen the current inefficiencies. Americans would pay even more for lower quality and less access to care."

Read the entire article here.

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