Tuesday, October 28, 2008

Sicko...

Here is a comparison of the two health care plans competing for the American vote. Obama's plan seems to be more comprehensive, but really not enough:

Some experts estimate that the McCain plan would reduce the number of uninsured only modestly because millions of people would drop or lose employer coverage, and not many more than that would buy policies outside of work. The nonpartisan Tax Policy Center estimates that the McCain plan would lower the number of uninsured by a mere two million in 2018, out of a projected 67 million uninsured in that year. The Obama plan would cut the number by 34 million, the center says, but still leave nearly 33 million uninsured.


I have wondered many times why Americans can't see the obvious: health care is not a consumer good like all others. There is just too much imperfect information and the stakes are too high to apply conventional utility curves to the consumption of health care (as McCain tries to do). Three years ago Malcolm Gladwell wrote an essay on this aspect of American exceptionalism that sheds some light on the politics and ideology involved.

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