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No one disagrees that health care reforms in the United States aren't needed to bring costs under control, while still providing maximum coverage for people. For decades legislators and presidents have spoken of providing such lasting health care...
In 1965, President Lyndon B. Johnson and the 89th Congress came together to extend the scope of Social Security coverage by amending into the original legislation a program of social medical insurance called Medicare.
Their new health care...
For many, market failure is taken for granted as an accepted economic principle, when in fact it can be quite controversial. "Market Failure" is most commonly defined as a failure of the market to achieve economic efficiency, that is, a failure...