Oxdown Gazette » Wealthy, Healthy George Will Pretends America’s Health Care System Is Just Fine
I might argue that it is rather more like a monopsony but why quibble. The point is that it makes much more sense from the point of view of society as a whole to have a single payer for healthcare.
Will fears that if people had the choice of a public plan, they'd choose it because its cost structure is inherently more efficient. In Will's contorted philosophy, that's not fair competition, so the solution is to deny that choice to protect the inefficient. What he's describing, however, sounds like a natural monopoly condition -- as in single payer? -- but never mind that.
I might argue that it is rather more like a monopsony but why quibble. The point is that it makes much more sense from the point of view of society as a whole to have a single payer for healthcare.
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