In this short and illuminating video from Learn Liberty, Harvard economist Jeff Miron shows us the outline of a three step programme to decrease the price of health care in the United States.  With so many pundits and legislators focusing on the issue of who will pay for health insurance, whether government or individuals, the deeper question of how much they will be paying for it is left unanswered.  Given that the United States spends more per capita on health care than any other country in the world, and that the US government spends a higher portion of its budget on Medicare and Medicaid than the UK does on the whole NHS, this may be the most important question of all.

Now that the debate over the Affordable Care Act, otherwise known as ‘ObamaCare’, has taken centre stage in American politics yet again this week, it’s time to take a break from discussing the left’s controversial health care reforms and take some time to present our own.  After all, unless libertarians have satisfactory and productive alternatives to offer, the current shutdown of the US government over the Affordable Care Act will all be in vain.

For a closer and more pragmatic look at these libertarian policy proposals for health care reform, be sure to check out Milton Friedman’s famous 2001 article for the Hoover Institution: How to Cure Health Care.