Quote:
Originally posted by Mmmm, Burger (C.J.)
I'd be interested in a cite. That said, I'm quite sure that health care anything is a terrible example of market forces. No one pays for anything themselves and the billing is entirely opaque.
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And this differs from administering social security (as it is now, not with individual accounts) how? No one pays for anything themselves there, either.
See also growing concerns re: fund-level fees for 401(k) plans, which are individual account plans. The fees are "invisible" so no one notices. They just reduce returns by a LOT in the aggregate in the long run.
