Magazine July 18, 2011, Issue

Haves and Have-Mores

Princeton University professor Paul Krugman at Princeton University, October 13, 2008. (Tim Shaffer/Reuters)
A two-tiered health-care system is inevitable

Is health care a normal economic good, subject to limitations and tradeoffs? Economist Paul Krugman says that it is: “We have to do something about health care costs, which means that we have to find a way to start saying no. In particular, given continuing medical innovation, we can’t maintain a system in which Medicare essentially pays for anything a doctor recommends.”

However, there are those who disagree. For example, economist Paul Krugman writes:

How did it become normal, or for that matter even acceptable, to refer to medical patients as “consumers”? The relationship between patient and doctor used to be considered

To Read the Full Story
Arnold Kling — Mr. Kling is an adjunct scholar at the Cato Institute and the author of Crisis of Abundance: Rethinking How We Pay for Health Care.

In This Issue

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Features

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The Week

The Week

Rep. Michele Bachmann regularly gives GOP leaders heartburn, rapping them for cutting spending deals with the White House.

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