Interesting piece in the Boston Review by Dean Baker about how other countries operating their health care systems far more efficiently than the United States does. Removing protectionism in the US health care sector could unlock enormous potential gains to the U.S. economy. Baker notes that U.S. health care could be opened to global competition in three obvious ways: (1) increasing opportunities for foreign–born medical personnel to work in the United States (2) facilitating "medical tourism," so that Americans can more easily have major medical procedures performed in other countries; and (3) allowing Medicare beneficiaries to buy into the lower–cost health care systems of other wealthy countries. Hat-tip to LF.
Malpractice
When it comes to health care, economists ignore their own rules.
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