Subsidies Old and New

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The system Obamacare destroys.

Jul 16, 2012, Vol. 17, No. 41 • By IRWIN M. STELZER

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Only someone who loves big government for its own sake, and despises arrangements worked out by free citizens with no help from government, could prefer the new system of subsidization to the one it replaces, worked out informally—not perfectly, but then it is the hunt for utopian perfection that got us Obamacare—by patients, doctors, and hospitals in what will soon be known as the good old days.

Irwin M. Stelzer is a contributing editor to The Weekly Standard, director of economic policy studies at the Hudson Institute, and a columnist for the Sunday Times (London).