The UK’s Miliband just cautioned the US Democratic candidates against taking a protectionist turn… But the US’s ills do not so much seem to lie in imports from China, rather in its healthcare system.
Short follow-up, therefore, on my previous post and Krugman’s justified if ill-interpreted obsession with the healthcare system. Clive Crook in the FT has a good piece today on a new book by Ezekiel Emanuel, Healthcare Guaranteed.
Crook’s article starts thus:
“In US public policy, all roads lead to healthcare. Remorseless pressure on public spending? Blame Medicare. Economic insecurity? Fear of losing health benefits is a chief cause. Stagnant wages and worsening inequality? Look to the cost of employer-provided insurance. “