CHARLES D. BAKER
THE DEBATE over the $600-billion American health-care system is being played again, crescendo, set off this time by the call of The Journal of the American Medical Association for radical reform. There is a reason why this debate has continued for over twenty years without any sign of being resolved. The reason is that perverse incentives for uncontrolled spending and the misallocation of resources are built right into the existing system.




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