Great -- Now GM Might Run Health Care Into The Ground

Professor Bainbridge tells us why big business is likely to support the next effort to get nationalized health care -- so they can pass the buck for health care costs on to taxpayers...

Wagoner mentioned health care in answers to 5 questions, including one that asked what GM's problems were other than health care costs!

Remember the old saying, what's good for GM is good for the country? It was never really true, but it hid a deeper truth; namely, that what GM thinks is good for it will soon become national policy.

Public choice theory teaches us that legislation is a commodity sold by politicians to well-organized interest groups (to grossly oversimplify things). In 1994, Hillarycare died because powerful interest groups were lined up on both sides of the issue, with the main business lobbies lined up against it. So there was no sale.

I predict that the next time a universal single payer plan gets to the policy table, however, that business will be first in line to back it. When you read interviews like the one Rick Wagoner gave the Journal, one can but conclude that business is itching to shift health care costs off their books and onto the American taxpayer.

Now there's a scary thought for you. At a time when we're hoping to finally move the Ponzi scheme called Social Security back toward a free market solution, it looks more likely that health care will become another entitlement for all... with better service for none, of course.