EDITORIAL: Creative Destruction - The New Republic

Creative Destruction: "In a universal coverage system, the government would seek to limit spending by forcing down payments to doctors and pharmaceutical companies, while scrutinizing treatments for cost-effectiveness. This, in turn, would lead to both less innovation and less access to the innovation that already exists. And the public would end up losing out, because, as Tyler Cowen wrote last year in The New York Times, 'the American health care system, high expenditures and all, is driving innovation for the entire world.'"