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August 08, 2007

Kling's Iron Trilemma

Arnold Kling comes up with a new one: insulation, unrestricted access, and less stress over rising healthcare costs -- pick two.

For more on "pick two," see my previous post.

Posted by Zach Wendling at August 8, 2007 07:56 PM

Comments

Given that "unrestricted access" is only meaningful for a fairly small number of wealthy Americans, I'd say this one's a no-brainer as to which two to pick.

Posted by: philosopher at August 10, 2007 08:27 AM | permalink

Ah, comments are working again. The security code field wasn't diaplaying yesterday.

Since the first and third choices are mutually exclusive, as suggested by this Cato Institute article, do we pick (1 and 2) or (2 and 3)?

Both proposals include choice (2) - which cannot be accomplished with socialized medicine. Universal coverage does not mean universal treatment. Nationalizing *any* industry always leads to reducing that industry's output in the long term - which in this case means less medical treatment. The flood of Canadians flocking to US hospitals is a testimony to the single-payer variant at the very least. The UK ration's health care, so its system doesn't achieve goal (2), either. So what will?

Posted by: Alan K. Henderson at August 10, 2007 03:31 PM | permalink

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