Tuesday, November 14, 2006

Misunderstanding Free Market Competition

This morning, the New York Times editorial board is banging the drum for state operated drug plans, under the op-ed title of Lowering Medicare Drug Prices.  I wonder if the NYT board is in cahoots with Field Marshall Rodham’s recent blitherings, which I mentioned in a post yesterday.

Of the multiple issues I have with this ridiculous op-ed, the most blaring is the following statement, which concludes the op-ed.

President Bush might be inclined to veto any bill that tried to insert the government into price negotiations. But if presented with a bill to set up government-operated drug plans to go head to head with the private plans, he would have to explain why he is afraid of a real market competition.

The government cannot be a real market competitor.  I should not have to explain why.

Posted by John Venlet on 11/14 at 06:16 AM
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