Friday, March 06, 2009

Obama at Health summit

If there is a way of getting this done where we're driving down costs and people are getting health insurance at an affordable rate and have choice of doctor, have flexibility in terms of their plans, and we could do that entirely through the market, I'd be happy to do it that way.
I'm starting to get tired of people regarding "The Market" as if its some kind of magical diety. In any situation, it's important to examine motivations and incentives and assure oursleves that the actual incentives lead to the behavior we want. In many cases, the market is the best way to acheive this but in certain cases it fails miserably.
There is no 'market' for electricity and phones in many rural areas. There is no 'market' that will assure that hog farms don't pollute their surroundings. And there is no market that will allow people who are already sick to get their health needs paid for.
There is an appropriate time and place for Government action and it doesn't betray any Conservative principles to acknowlege the fact. We've been lied to for so long that this simple truth is no longer on the radar.

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