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Choose You This Day: Life or Debt

The impossible economics of modern health care.

"It's only when the tide goes out," says Warren Buffett, "that you learn who's been swimming naked."

For a good long time, the American health care system had its drawers down, but it didn't matter too much. HillaryCare was summarily dismissed in the early '90s. The problems it might have fixed weren't felt badly enough. Lately arguments for universal health care have been about the unavailable care for the uninsured. But still, no action. The vast majority in the country have health insurance, even if they pay more and more for it every year.

But now, even doctors can't afford to pay for health care. Oncologists, who have to pay for drugs before they're delivered intravenously to patients at the doctor's office, have had trouble lately paying up. As a result, they've learned to be more cautious about the costs of the treatments they recommend to their patients. The Wall Street Journal reports:

In a survey of 167 cancer doctors reported last year in the Journal of Clinical Oncology, 42% ...
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