Dissatisfaction with the financing of U.S. health care is widespread.The system is inefficient, inequitable, and increasingly perceivedto be unaffordable.1,2,3,4 Because only incremental reform isdeemed politically feasible, inordinate attention is devotedto treating the institutional symptoms rather than diagnosingsystemic problems that require major surgery. As an alternative,we propose a voucher system for universal health care, an efficient,fair, and relatively simple approach that might elicit broadsupport. We recognize that change is not imminent, but sucha proposal can stimulate discussion and provide a readily availablemodel when the political climate becomes hospitable for endorsingmeaningful . . . [Full Text of this Article]
Flaws in the Current Health Care Financing System
Features of the Voucher System
Universality
Free Choice of Health Plan
Freedom to Purchase Additional Services
Funding by an Earmarked Value-Added Tax
Reliance on a Private Delivery System
End of Employer-Based Insurance
Elimination of Medicaid and Other Means-Tested Programs
Phasing Out of Medicare
Administration
Assessment of Technology and Outcomes
Universal Benefits Package
Economic Feasibility
Political Feasibility
Issues Requiring Additional Study
Source Information
From the Posterity Project, Chicago (E.J.E.); and the Department of Economics, Stanford University, Stanford, Calif. (V.R.F.).
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