Three cheers for the European* health care system

Jurgen Reinhoudt at New Majority takes a look at several European health care systems and points out that the Swiss looks almost exactly like what conservatives might hope for in this country. He quotes the following summary by a management prof at Harvard:

The country of Switzerland has universal coverage, costs that are 40% lower than ours and that inflate at lower rates, and an excellent health care system in terms of outcomes and resources. The key to their success is that the Swiss system is consumer-driven: consumers buy their own health insurance from more than 90 private health insurance firms. If they cannot afford it, the cantons subsidize it. If they are sick, they pay no more for their health insurance than the well (the Swiss insurers risk-adjust each other).

(Hat tip: DS)