Paul Krugman, ever the foghorn that he is cutting through the smoke and mirrors, further dissects the scam that is private corporate health insurance racket.

Is the health insurance business a racket? Yes, literally - or so say two New York hospitals, which have filed a racketeering lawsuit against UnitedHealth Group and several of its affiliates.

I don’t know how the case will turn out. But whatever happens in court, the lawsuit illustrates perfectly the dysfunctional nature of our health insurance system, a system in which resources that could have been used to pay for medical care are instead wasted in a zero-sum struggle over who ends up with the bill.

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