Arnold Kling is skeptical of Obama's healthcare plan:
If I were a Republican, I would support a public health insurance plan that provides real health insurance. That is, it would have low premiums, but extremely high deductibles and co-payments--beyond anything we see today. People on the plan would, on average, pay more than 50 percent of their health expenses out of pocket.
I'd like to see prescription drug co-pays be a percentage of the actual cost, rather than a flat fee. One way to discourage unnecessary meds, or expensive treatments when cheaper ones can perform as well (or nearly as well), is to give the consumer some kind of price constraint. We might be surprised by what that teaches us. And I'd much rather have patients making that call than some all-powerful government committee. Megan has more questions.
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