Memo to the White House: one can only reduce cost on an item 100%. That makes it free.

Obama sez: How many people are getting insurance through their jobs right now? Raise your hands. All right, well, a lot of those folks, your employer, it’s estimated, would see premiums fall by as much as 3000%, which means they could give you a raise!

...but Bush was stupid...right...so we just HAD TO HAVE Obama.

Why the health care mess to begin with?

From the CATO INSTITUTE blog (CATO is a Libertarian think-tank):

The health care system is a mess, largely because of perverse government incentives through its big health care programs, Medicare and Medicaid, and its tax break for employer-provided insurance. As a result, we now have a third party payment-dominated system which simultaneously encourages excessive spending and pushes insurers and providers to decide how to “ration” (i.e., limit) care.

What people need is a medical system that allows them to make the basic rationing decisions: what kind of insurance to buy, what kind of coverage to choose, what kind of trade-offs to make between spending on medicine and spending on other goods and services.

Read the whole thing