DeLong (the other one) on health care costs and health insurance reform.

http://american.com/archive/2009/maybe-we-should-spend-more-on-healthcare

| So what should be done about healthcare costs? Many things, including
| a phaseout of employment-based health insurance in favor of other
| policies; elimination of mandates that require insurance coverage
| of designated procedures; availability of programs that combine
| health savings accounts with catastrophe insurance; availability of
| policies across state lines; reform of the tort system; reform of cost
| accounting procedures that create dysfunctional incentives for industry
| participants; availability of high deductibles so that insurance can be
| insurance rather than socialized medicine; a second look at our policy
| of forcing the young to subsidize the geezers, who are after all the
| wealthiest segment of the population, and who can afford to spend more
| on healthcare because other demands on their income are less.

| It is a long list. Take care of these reforms and total spending
| will take care of itself. Spending may become higher or lower—who
| knows?—but it will better represent a reasonable assessment of value
| for money. These reforms will also forestall the most worrisome aspect
| of the current “spend too much” panic: the urge to cut costs at the
| expense of the future.

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