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4/16/08

NYT: US ECONOMY/Presidential elections - Voodoo Health Economics - "Nonsense at multiple levels" - by Paul Krugman

For the complete report from the New York Times click on this link

US ECONOMY/Presidential elections - Voodoo Health Economics - "Nonsense at multiple levels" - by Paul Krugman

Elizabeth Edwards wife of former US Democratic Presidential contender has cancer. John McCain has had cancer in the past. Last weekend, Mrs. Edwards bluntly pointed out that neither of them would be able to get insurance under Mr. McCain’s health care plan.As Mrs. Edwards pointed out, the McCain health plan would do nothing to prevent insurance companies from denying coverage to those, like her and Mr. McCain, who have pre-existing medical conditions. The McCain campaign’s response was condescending and dismissive — a statement that Mrs. Edwards doesn’t understand the comprehensive nature of the senator’s approach, which would harness “the power of competition to produce greater coverage for Americans,” reducing costs so that even people with pre-existing conditions could afford care. "This is nonsense on multiple levels".

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