Jacoby on the ‘Public Option’

by Don Boudreaux on November 1, 2009

in Competition, Health, Myths and Fallacies

The Boston Globe‘s Jeff Jacoby reports some useful facts to counteract some of the stupid hyperbole spewed in the today’s health-care debate.  Here’s his closing:

The critics do have one thing right: More competition would bring down health care premiums. But the way to increase competition is not by adding a government-run health plan to the 1,300 private firms already providing health insurance. We do have a highly competitive national market for auto and life insurance, after all, and with no public option. There’s no reason we can’t have the same for health insurance.


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