John H. Cochrane: What to Do About Pre-existing Conditions - WSJ.com: "Health care and insurance are service-oriented, retail businesses. There is only one way to reduce costs in such a business: intense competition for every customer. The idea that the federal government can reduce costs by negotiating harder or telling businesses what to do is a triumph of hope over centuries of experience."
Private, competitive insurance markets are a superior way to solve the pre-existing-conditions problem, and the only hope to lower costs.
In this column the author, a University of Chicago professor (not a mere lecturer) explains how the means to handle the difficult problem of "pre-existing conditions" is already available in the private health insurance marketplace.
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