Krugman Gets It All Wrong
I've dealt with the issue of health care systems extensively in the post "Myths & Facts About The American Health Care System", where I indirectly deal with Krugman's arguments. I will this time apart from linking to that post, comment on Krugman's obsession with the relative cost of health care in America to European systems.
As Bryan Caplan notes (See also Mark Perry on this issue), Singapore's health care system is arguably even more free market oriented than America's, yet health care costs are only about a quarter of America's- And it is less than half of any European system's. The same thing goes for Hong Kong's system. Neither Hong Kong's or Singapore's systems are pure free market, but neither are America's and their systems are at least and arguably more free market than America's. How does then the fact that their health care systems cost less than half of the European systems compute with Krugman's assertion "The basic facts on health care are clear: government-run insurance is more efficient than private insurance"?
As safely as California's cyborg governor can be trusted to say "I'll be back", Krugman's supporters can be trusted to simply think and say "that does not compute" when confronted with these facts....