Libertarian Michael Munger comments on insurance and health care costs

Creating competition and offering the right incentives

DURHAM — I hear people complain they can’t afford insurance. They need to realize that the real problem is they can’t afford health care.

The U.S. has the world’s most expensive health care, $8,000 per person per year, eating up 16 percent of our GDP. There are many ways of paying these costs, ranging from private insurance such as Blue Cross to public insurance such as Medicare. Many people pay out of their pockets; local and state taxpayers pick up the rest.

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