Friday, August 31, 2007

Krugman on socialized medicine

"Systems of actual socialized medicine, like Britain's, are actually very good at saying no: there's a limited budget, and the medical professionals who run the system set priorities. That's the reason British health care delivers results better than ours, at only 40 percent the cost — there are long waits for elective surgery, but that's because doctors think that it's not a high priority..."

My only concern is that does better delivery means better results, or better medicine? Are 2.5 times costs are only spent for solving long queue problems? If you have comments, go to marginal revolution and post.

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