True Health Care Reform

Arthur B. Laffer: Obama’s Health-Care Proposals Won’t Make Health-Care Better - WSJ.com: "A patient-centered health-care reform begins with individual ownership of insurance policies and leverages Health Savings Accounts, a low-premium, high-deductible alternative to traditional insurance that includes a tax-advantaged savings account. It allows people to purchase insurance policies across state lines and reduces the number of mandated benefits insurers are required to cover. It reallocates the majority of Medicaid spending into a simple voucher for low-income individuals to purchase their own insurance. And it reduces the cost of medical procedures by reforming tort liability laws.

Sounds a lot like my post from last month. Make the patient a participant in the process of allocating scarce health care resources and you have a fighting chance to allocate them optimally.