Harvard economist gets it wrong on healthcare

One of Feldstein's other great ideas

One of Feldstein's other great ideas

Martin Feldstein, who tried to get Americans to give up their social security, and failed as a board member of AIG during the great fiasco, is now bringing his incompetence into the battle over healthcare reform. Feldman hasn’t a clue, unfortunately. Even more unfortunately, the Washington Post printed his op/ed:

Obama has said that he would favor a British-style “single payer” system in which the government owns the hospitals and the doctors are salaried but that he recognizes that such a shift would be too disruptive to the health-care industry.

Problem is, in the British system, the government owns the hospitals and pays the providers. This is socialized medicine, and is NOT Obama’s model. He has said he favors a system similar to Canada’s, which is NOT socialized medicine. Rather, in this model the government’s involvement is as an insurer. And efforts in Congress are only to include a government OPTION alongside other private insurance options.
Feldman’s efforts to protect his pals in the insurance company (and at Eli Lilly pharmaceuticals) are misguided at best, and possibly dishonest. I’m not thinking this guy is trying to help us.
h/t Ezra Klein

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