I've been meaning to touch on this subject for a while but I'll leave it to Dr. Thomas Sowell, a professor of economics to explain it better in this article on Human Events. Despite years of education in economics and politics it took a health care economics class to open my eyes to this simple truth, as a result of moral hazard, insurance increases the cost of health care in a cyclical pattern. Uncle Milty would be proud of you Dr. Sowell, keep preaching truth.
Excellent article. I do like the way he thinks, which could be why I have two of his books. And I have even read them.
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