Ranking Candidate Health Care Plans
John Goodman has ranked the health care plans of Edwards, Clinton, Obama, Guiliani, and Romney. The most costly were the plans for Clinton and Edwards,
Most Expensive: Clinton and Edwards. By their own reckoning their plans would cost more than $1,000 per year for every household in America. Obama, a mere piker, comes in at only half that amount.
I noted this before, that despite claims to the contrary, all of these plans to “reform”1 cost more than we are currently spending. This is pretty much a no-brainer since we aren’t going to be changing, in any substantial way, how we deliver health care, but will merely be allowing more people to have easier access to health care. Or to put it more simply, when you add tens of millions of new consumers to the government programs you get an increase in the amount of resources consumed, and that costs more money.
I also liked this comment about Clinton’s plan,
I cannot resist commenting on one more reform idea. Sen. Clinton has repeatedly stressed that insurance premiums should be totally unrelated to health status. But they are already largely unrelated. Do you suppose she intends to go all the way – allowing people (no matter how sick) to enroll in any plan at the drop of a hat? If so, the number of uninsured would double or triple. (Why pay expensive premiums when you are healthy if insurance is always available once you get sick?) The problem with grading her plan is: do we take her statements seriously?
1Yes, reform is in scare-quotes since nobody is actually advocating reforming health care, but instead all plans are a mish-mash of subsidies, mostly for the middle class.