What Student Loans and Health Care Have in Common | WHAT REALLY HAPPENED

What Student Loans and Health Care Have in Common

By Nicholas C. Anderson

What is the governing dynamic causing both student loans and healthcare burdens to run away from us?

Imagine I invite you and your significant other, life-long friends of mine, to choose the restaurant of your choice whereby I vow to pay 80 percent of the bill. You rightfully choose the best 5-star place in town to enjoy a fantastic meal. There’s no price on the menu and you remind yourself that “if I have to ask, I probably can’t afford it.” Then you remember that I’m going to pay 80 percent of the bill and you go for it. The bill arrives for the two of you and it’s an eye-popping $1,500 for which, of course, you’re responsible for $300. You call me in a fit of confusion...

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