8 ms·
That article gives a bit of a summary, but its own arguments are pretty weak - a lot of arguments about why Arrow is wrong, but no explanation whatsoever for th
by the_why_of_y 10y ago
That article gives a bit of a summary, but its own arguments are pretty weak - a lot of arguments about why Arrow is wrong, but no explanation whatsoever for the empirical observation that Arrow is right: just compare per-capita costs of health insurance with similar results between countries with mostly free-market systems like the USA with mostly single-payer/public systems like France.
http://voices.washingtonpost.com/ezra-klein/2010/01/america_spends_way_way_way_mor.html http://voices.washingtonpost.com/ezra-klein/2010/01/america_...
- conanbatt 10y agoThe US is specially screwed up by its insurance system, which adds a lot of noise to the price signals. Another thing that could drop the costs is the elimination or reduction of medical quotas and medical licenses. Those two are easier and smaller to solve than full welfare, which considering the us system, could be really expensive to implement.