Where once the left could only dream of a hybrid system like Obamacare, today politicians are openly calling for a system where the government is the only health-insurance provider. (Image: Shutterstock)
Things are shifting in the economic policy world. John Cochrane, an economist at the Hoover Institution and a staunch free-marketer, has been a leading critic of Obamacare and an advocate of a laissez-faire approach to health care. But in a recent blog post, he expressed sympathy for the idea of a single-payer health system:
A single provider or payer [that] anyone in trouble can use, supported by taxes … while allowing a vibrant completely competitive free market in private health care on top of that, is not such a terrible idea. … A single bureaucracy that hands out vouchers, pays full market costs, or pays partially but allows doctors to charge whatever they want on top of that would work.
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