Professor Daniel J. H. Greenwood’s article, “The Real Source of Rising Healthcare Costs,” which discusses Representative Paul Ryan’s health care proposal, has been published in the online edition of Dissent Magazine.
Representative Paul Ryan has proposed to replace Medicare with a voucher system. Individuals would be expected to use vouchers to purchase private medical insurance, and would be left to their own devices if they couldn’t do so at a price covered by the vouchers. The plan ensures that this would happen: the voucher amount would increase with inflation, but medical costs are increasing far faster—and Ryan’s plan, by further empowering insurance companies, would be likely to make them increase faster still.
Read the full article on dissentmagazine.org.