Shawn Tully advises the readers of Fortune Magazine that John McCain’s health care plan is better than the alternatives offered by Hillary Clinton and Barack Obama:
For all its problems, at least it puts the consumer in charge … It will create a world where health care is treated as the precious resource that it is, rather than a costless entitlement; where nationwide competition pushes down the price of catastrophic care and consumers focus their attention and budgets on what’s really crucial to their health.
And what do the Democrat presidential candidates offer?
The Democrat plan exacerbates the fundamental problem in the American health-care system, which is that no one has any incentive to care about price. Creating a huge new medical superstructure would shift far more spending to third-party providers … giving consumers even less incentive to concern themselves with the price of an MRI …
Tully closes with a statement of fact that should be blindingly obvious to any economically literate observer.
The price of health care is never going to get under control until patients get what they deserve: the right to be customers too.
McCain’s health care plan makes it clear that he understands this. It is not by any means perfect, but it is vastly superior to the alternative.
[HT Kevin, MD]
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