Megan McArdle, Columnist

A Single-Payer System Won't Make Health Care Cheap

A single-payer system won't enable Americans to save big money on health-care costs.
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A few weeks back, I wrote a story on Vermont's adventures in single-payer health care.

"So this is going to be expensive. So expensive that I doubt Vermont is actually going to go forward with it," I concluded. "This should be instructive for those who hope -- or fear -- that Obamacare has all been an elaborate preliminary to a nationwide single-payer system. It isn't. The politics are impossible, and even if they weren't, the financing would be unthinkable."