Professor Laurence Kotlikoff believes he has the answer to what ails America’s healthcare system. The Purple Plan. Standardize the plans and have the insurance companies compete against each. Provide vouchers and subsidies for those who can’t afford to purchase their own policies. Limit the total expenditure to 10 percent of GDP and pretty soon the problem will be solved. Throw in a dose of tort reform and things are bound to improve. He doesn’t believe that the market can do it on its own, but give it over to the economists and things will get better.
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