by Tibor Machan, The Daily Bell:
Paul Krugman, Princeton economist and columnist for The New York Times, has never had a problem with coercing people to do what they’d rather not do. So it’s no surprise that he favors the universal health care system advocated by numerous politicians in our time. He had been worried that under the more modestly coercive system that had been advocated by candidate Barack Obama, “healthy people could choose not to buy insurance – then sign up for it if they developed health problems later.” Under this system, argues Professor Krugman, “People who did the right thing and bought insurance when they were healthy would end up subsidizing those who didn’t sign up for insurance until or unless they needed medical care.” The old free rider problem … nothing very novel at all.
Yet the problem arises only if there is coercion involved in the first place. If not, all those who buy insurance when they are doing well would know that some others would purchase it only once they suspected that they are getting sick.
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