Krugman: Not Enough Audacity
Paul Krugman
New York Times
June 25, 2009
Paul Krugman, Nobel Laureate economist and single-payer supporter wrote this piece for the New York Times.
When it comes to domestic policy, there are two Barack Obamas....
...First, Mr. Obama offered a crystal-clear explanation of the case for health care reform, and especially of the case for a public option competing with private insurers. "If private insurers say that the marketplace provides the best quality health care, if they tell us that they're offering a good deal," he asked, "then why is it that the government, which they say can't run anything, suddenly is going to drive them out of business? That's not logical."...
...And that's why the public plan is an important part of reform: it would help keep costs down through a combination of low overhead and bargaining power. That's not an abstract hypothesis, it's a conclusion based on solid experience...