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Health insurance in the United States

Shortly after his inauguration, President Clinton offered a new proposal for a universal health insurance system.

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Ultimately it failed after the Republican takeover of Congress in 1994.

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Instead, as Edward Beiser and Jacob Appel have separately argued, health insurers are better thought of as low-risk money managers who pocket the interest on what are really long-term healthcare savings accounts.

Herbert Stein

In Stein's reading, The Wealth of Nations could justify the Food and Drug Administration, the Consumer Product Safety Commission, mandatory employer health benefits, environmentalism and "discriminatory taxation to deter improper or luxurious behavior."

see also