Cato Fellow: Massachusetts Provides Universal Coverage But No Cost Containment

Michael Tanner, senior fellow of the Cato Institute says, “Massachusetts’ biggest mistake was that they made universal coverage the loadstone of their reforms. That the whole idea of whether or not this was to be a successful reform was did they get a piece of paper into everybody’s hands that said they had health insurance. They neglected the all important issue of cost containment.”
Tanner believes the federal government should consider problems like this before reforming the national health care system. (0:54)
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Bill Clinton Believes US Will See A Health Reform Bill Soon

Former President Bill Clinton says he believes the U.S. is going to have a health reform bill soon. He said if the U.S. has universal coverage we must do something to break the "cost spiral". Otherwise, it would be too costly to continue for more than five years. (0:42)
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Universal coverage benefits all

Aetna CEO Ron Williams says that insurance works best when healthy people support the sick in anticipation of being sick one day themselves. Williams adds that an individual coverage requirement would not only insure everyone but that it would also prevent uninsured people from driving up the cost of insurance when they suddenly find themselves in need of care. (1:02)
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