Saturday, October 2, 2010

The Costs of Socilized Health Care: Evidence from Canada

Yesterday I alluded that we should expect a centrally planned health care system to be less efficient and hence more costly than a decentralized health care industry characterized by voluntary exchange. Predrag Rajsic, PhD candidate at the University of Guelph in Ontario, Canada, explains the often hidden costs of the socialized Canadian health care system. It turns out that time is not on their side.

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