Obamacare and the Tragedy of the Healthcare Commons
February 16, 2016
Obamacare increases the Tragedy of the Healthcare Commons through regulations designed to increase cross-subsidies rather than empower individuals to better manage their own medical needs. Economist Elinor Ostrom won a Nobel Prize for her work explaining how individuals working together could manage pooled resources better than governments. We should apply many of her principles including defined contribution and local control to improve our health care system.
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