The problems of America's health care system can best be addressedthrough market-based solutions. The evidence indicates that undernational health insurance, the promise of coverage becomes healthrationing, access to universal coverage means delays in access tocare, official fairness yields to favoritism by officials, freedomof choice becomes coerced conformity, and democratic deliberationis replaced by bureaucratic decision-making.
Your View: While motivated by good intentions programs intended to ease some of the unequal income distribution in the United States usually cost the country in a drop in economic efficiency, the author contends.
Arthur M. Okun, in full Arthur Melvin Okun, (born November 28, 1928, Jersey City, New Jersey, U.S. died March 23, 1980, Washington, D.C.), American economist who served as chairman of the U.S. Council of Economic Advisers (1968–69). After obtaining a B.S. (1949) and a Ph.D. (1956) in economics from Columbia University, Okun taught at Yale University (1961–69). He was, however, on leave from Yale for most of his tenure there, serving in the Council of Economic Advisers (CEA), an agency within the Executive Office of the President. Okun worked at the CEA as a staff economist (1961–62) and council member (1964–68)
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