Current Events — HabitableZone

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In 1960, before Medicare, before Medicaid, only about half of Americans had health insurance that covered anything other than hospitalization and/or surgery. Half of medical costs were paid out of our pockets.

http://cafehayek.com/images/2007/11/05/outofpocket.jpg


Remember this post? There are several reasons health care costs are rising, but a major one is that in a market situation, subsidies (either private or public) will cause prices to rise.

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