Sunday Musings: Bank Regulation and Cost of Health Care.

Ross Douthat is wondering about the social cohesiveness of Southern Europe as they wrestle with the Euro Crisis and the resulting high level off youth unemployment.  He advocates leaving the Euro but ignores the reality that doing so bankrupts the flow of credit that maintains employment level.  Policy is never easy when you fail to regulate the banking system and prevent systemic risks from becoming a reality that must be dealt with.  If you take his thoughts to their logical outcome, he would be for Dodd-Frank and a supporter of the Consumer Protection Bureau, something that the GOP is most definitely not.

There is also an article comparing the cost of individual medical procedures in the US vs Europe or Asia. This higher costs in the US are why Health Care here absorbs 18% of GDP while it is a much lower level in the other countries.  I must point out again that the system that created this high cost process is the one based upon private health insurance paid for by employers.  The system that the GOP supports and the system that the GOP forced ObamaCare into maintaining.  Anyone not in the employer paid health insurance system will be much better off with ObamaCare then without ObamaCare.  But the only real answer is a single payer system and Universal Health Care,which is what all the other countries have.