The Health Care Competiveness Fallacy

From Harvard economist Greg Mankiw's Blog:

A common argument, often made by ostensibly sophisticated commentators, is that the United States needs to reform its health care system to maintain its international competitiveness. Regardless of your views of health care reform, this particular argument is, to put it bluntly, nonsense.

His article is a commentary on Paul Krugman's piece in the Foreign Affairs.