Prof. Regina Herzlinger of Harvard takes issue here with the assertion made by Obama and others who insist that we need a lot more governmental meddling in health care that the “public option” will lower costs. A good counter-example she gives is government-run liquor stores. They don’t have lower prices, but do reduce choice and convenience for consumers compared with free market competition.
If we are unfortunate enough to be saddled with the authoritarian, foolish, and unconstitutional Obama plan, look for administration spin doctors to work overtime to explain why it’s someone else’s fault that costs keep rising while consumer satisfaction declines.
