Although [Senator Santorum] didn't say so explicitly, he wanted the service to funnel that information through private forecasters instead... it was a classic attempt to force gratuitous privatization: involving private corporations in the delivery of public services even when those corporations have no useful role to play.
The Medicare drug benefit is an example of gratuitous privatization on a grand scale.
One day, many generations from now, when all medical records become electronic, when every senior is well-informed of the risks and benefits of every medication for every disease that they may develop with known probability, the wisdom of the market will triumph. Oh yes it will.
[update: please also see post on Prof Krugman's 11/25 column]
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