Sunday, March 14, 2010

Fareed Zakaria criticizes ObamaCare

CNN's Fareed Zakaria echoes one of my main complaints about ObamaCare:
CNN: What's your view of the health care legislation Democrats may pass in the next week?

Zakaria: My own feeling is it's a missed opportunity — while it would be great to expand coverage, it doesn't fundamentally reform a broken health care system. We have a system that has out-of-control costs, where there's a huge incentive for the overconsumption of costs by the consumer and oversupply by the producers. Patients are willing to consume more health care services than they need, and doctors and hospitals are willing to supply more health care services than are required ...

We consume many more tests, we do many more interventions, all of which are much more costly and at the end of the day, we don't live longer, we don't have better outcomes on virtually any disease.
By the way, his most recent book, The Post-American World, is outstanding. I've recently become a huge Fareed Zakaria fan.

For more on the problem of high health care costs, see my blog posts here, here, here, here, and here. Or, you could just click on the health care tag below to read all of my health care–related blog posts.

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