This excerpt originally appeared in U.S. News and World Report on April 10, 2012.

Though the healthcare issue is often framed in terms of "Government" versus "Business," it is much more complex. In reality, government intervention in the market often helps some private businesses (such as the big insurance companies), but these gains come at the expense of other less well connected businesses. When governments grant privileges to particular firms, they tend to undermine competition, raise prices, lower quality, and hobble innovation.