“[President Obama] brushed aside concerns that a government plan would drive private insurers out of business. ‘If private insurers say that the marketplace provides the best quality health care, if they tell us that they’re offering a good deal, then why is it that the government — which they say can’t run anything — suddenly is going to drive them out of business?’ Mr. Obama said. ‘That’s not logical.’” (New York Times, Wednesday)
Who says the President of the United States has to know anything about basic economics?
FEE Timely Classic
“Health Care Is Worse Here than Elsewhere? It Just Ain’t So!” by David R. Henderson