December 3, 2019
Should we bet the farm on Medicare for All?
In a Wall Street Journal commentary piece, Simon Johnson, professor of entrepreneurship at the MIT Sloan School of Management and informal adviser to the Elizabeth Warren campaign, argues that Warren's Medicare for All plan would "be a boon to all businesses, and especially to entrepreneurs." As an Oxford-educated British-American economist, he must surely be aware of the endemic problems of the United Kingdom's National Health Service (NHS). Founded in 1946, the NHS struggles to service a population pushing 67 million people. That's about one fifth the population of the United States, now pushing 330 million people. As health care costs approach 20% of GDP, embarking upon full nationalization would constitute a monumental and irreversible task. Mr. Johnson criticizes Republican efforts to make health care more competitive without acknowledging that the GOP has so far been unable to change the laws to allow health insurance...(Read Full Post)