It is truly remarkably that in a country where the political elite is so completely committed to “free trade” that discussions of health care never include any mention of trade as a way to reduce health care costs. It would be hard to imagine more blatant class bias. With millions of seniors already retiring to other countries, this number can be expanded enormously, with trillions of dollars of savings to the U.S. government, by allowing seniors to get a voucher for their Medicare that lets them to buy into the health care systems of other countries and split the savings with the government. (Trade is used to depress the wages of textile workers and auto workers, never doctors and hospital administrators.)

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.