Why college costs will soon plunge

Lynn Russo Whylly's picture
Thursday, October 17, 2013

My goal,” says the candidate, “is a healthier America. That is why I am setting an ambitious target of sending 1 million more Americans to the hospital in the next five years. To make sure they get there, I am announcing a new, low-interest loan program to help them pay for their treatment. This will ensure that hospital costs stay within reach of the typical American family.”

If you heard a speech like that, you probably would start scratching your head. Sure, people with acute medical conditions need hospital care. But most people don’t have to lie for weeks in a hospital bed to get healthy. And lavishing more money on hospital care will simply drive the price up—just as giving everyone a $2,000 vehicle subsidy would jack up prices for cars and trucks.

Read more »