As I discuss here, the advocates of “universal health care” were not at all happy with Barack Obama’s health care plan. Well, for once, these people agree with the advocates of free market reform. The response of the latter group to the proposal is typified by this scathing indictment in Investor’s Business Daily:
His “detailed” plan is little more than a mixture of recycled liberal bromides, vague promises and wishful thinking. … Obama is promising everything — affordable, comprehensive health care for everyone that costs less and provides better quality.
IBD goes on to deconstruct several of the plan’s many serious flaws, including the preposterous claim that he will save families an average of $2,500 a year:
How does he accomplish this miracle? Simple: spend money on IT, encourage prevention, make health care universal, import drugs from Canada, slap on price controls, add some government subsidies, and voila!
As I point out here, this is the health care equivalent of parting the Red Sea. So, it’s hardly any wonder that virtually everyone has found Obama’s plan wanting. As IBD puts it:
No serious health care expert can possibly believe this will work.
Indeed.
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