Milton Friedman on Healthcare

Are healthcare costs a problem? Depends on who you ask. Arguments from both sides of the spectrum argue a government "do more" approach countered by a "do-nothing" approach. Both are somewhat correct, but not to the degree that they would initially presume. Presently, there are two ways to limit the costs of healthcare: complete government control or no government control. The former does so at the cost of innovation and medical technology, with personal responsibility placed in the hands of our representatives. While the latter reduces costs while exponentially expanding innovation/technology yet places the ball in our court to be more responsible with our decisions.

Nobel Laureate Milton Friedman decribes...which do you prefer?

-MFE