We’re all in this together

Dollar StretchArnold Kling   has   the health care economics quote of the day:

What people on the left will say is that socialized medicine is cheaper. The notion is that we need to socialize medicine because otherwise our health care system will be wasteful.

However, I look at it the other way around. The only reason I worry about waste in the health care system is that it is socialized. If you were wasting your own money on medical procedures with high costs and low benefits, that would be none of my business. I only care because you are wasting my money.

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