Random thoughts on healthcare reform:
- The core of "healthcare reform" is the principle that what one takes out of the system should have no necessary relationship to what one pays in. Aside from the injustice of the inevitable coercive subsidies, this principle is economically nonviable.
- Healthcare reformers must think they've repealed the law of unintended consequences. Can't be done.
- Healthcare reform rests on a pretense of knowledge (Hayek): viz., that bureaucrats know the just price of medical services, drugs, and insurance coverage.