Tuesday, June 30, 2009

Health Care Quotes of the Day

These are all quotes taken from N. Gregory Mankiw, economics professor at Harvard and former advisor to President George W Bush in the New York Times article “The Pitfalls of the Public Option”

“The public plan option can control costs only if it exists as a monopoly.”
In other words, the only way the government is going to be able to keep the rising costs of health care under control with the implementation of a public plan option is if the public plan is the ONLY option.

“We don’t need government run grocery stores or government run gas stations to ensure that Americans can buy food and fuel at reasonable prices.”
So true.

“[the best option is] a competitive system of private insurers, lightly regulated to ensure that the market works well to offer Americans the best health care at the best prices.”
Lightly regulated. See, even conservatives (well, I am assuming this guy is a conservative if he was an advisor to President Bush) believe that some regulation is okay.

Regulation of the private insurance market is, in my opinion, a necessity, but only slightly regulated like the quote says, not breathing down the back of the industry by big brother.

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