Today's Wall Street Journal features a fantastic editorial on health care reform by John Cochrane, finance professor at the University of Chicago Business School. Cochrane shows how the free market should and would deal with "pre-existing conditions." As well, Cochrane bravely comes out against the tax exempt status of employer-provided health insurance. Three cheers for Cochrane as he points out why government provided health plans won't work and why the free market will work and what policies will lead us out of the wildnerness.
Barrack Obama, Peter Orszag (White House Budget Director), Paul Krugman, and Howard Dean should read this article. A little economic enlightenment would do them some good.
