The Vexing Economics of Obamacare

The Vexing Economics of Obamacare
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Will anyone be able to figure out American health care? So far, perhaps the world's most byzantine arrangement of doctors, hospitals, clinics, contractors, pharmaceutical companies, private insurers, public insurers, medical schools, nursing homes, and dozens of other stakeholders has been less a coherent system than a collection of discount-furniture bits and pieces thrown on a floor with no instructions for assembly. Each individual piece usually works well and America's doctors especially do pretty good jobs—that's why they earn the big bucks—but fusing these disparate components to make a coherent health economy has often looked more like alchemy than science.

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