Medicare Part D works using free market incentives
I found the argument quite compelling back in the 1990s when Libertarian Party nominee Harry Browne published his book titled Why Government Doesn’t Work. It seemed like government, especially the federal government, could do very little right, hardly anything efficient, and was far too corrupt to manage anything very well. The failure of Obamacare now still keeps that argument relevant. But what if I told you there is a federal program that actually does work?
What if I told you there’s a government program that costs $349 billion, yes billion with a B, less than projected in the first ten years it has operated? What if I told you this works because it uses competition and consumer choice to improve access to products and services to consumers? The program is the Medicare Part D prescription drug coverage that was implemented under…
