Healthcare as a Cat-and-Mouse Game

Why should conservatives talk single-payer advocates seriously? Check out this story. And after you read it, revisit Stephen Cecchetti on the future of healthcare. It’s not a matter of wanting or not wanting this Cecchetti’s imagined outcome: it’s a matter of determining whether or not there is a superior alternative. I tend to think there is, and that the same advances that are generating these anxieties will also spur a transformative wave of innovation. But any innovations will be distributed unevenly and imperfectly, and this will presumably give rise to new distributional conflicts.