Monday, December 21, 2009

Economists' Letter to Senator Reid

The WSJ Blog reports on, and provides the full text of, a letter from two dozen notable economists, including three Nobel laureates, thanking Senator Harry Reid for his leadership on the Senate health care bill. The letter, which is signed by Kenneth Arrow and Robert Solow, among others, concludes that the compromise Senate bill "will move our nation's health care forward while helping to control health expenditure growth."

Arrow, Solow, and the other signatories are light-years smarter that I will ever be, but I still don't see how the government can extend insurance coverage, require insurance of preexisting conditions, etc., without either somehow rationing care or raising costs. Which is not to say that I am against health care reform.

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