31 March 2007

quote of the day-or-so

Most people, including many libertarians and including me, could live with a simple cash transfer of X thousand dollars per uninsured person, coercive though it might be. But that’s not what’s involved, nor is the looming fiscal disaster the most pernicious result of Medicare and its ripple effects on private insurance. We now have a situation in which primary-care physicians can barely make a living, general surgeons and anesthesiologists are migrating to cosmetic surgery, the federal government is a ubiquitous presence in medical decision making, and wealthy people over 65 won’t fork over $20 for a flu shot. If all libertarians had to say about this issue is, “Taxation is theft,” we’d be doomed.

Virginia Postrel

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