News from Down Under. (It has nothing to do with kangaroos but I like the photo.) Healthscope, Australia's second-largest private hospital operator, entered receivership in late May due to severe financial stresses. It will continue to operate but with the expectation of a restructuring. Australia has a dual healthcare system, public and private, both as to payments and as to the institutions of care. A public system, 'Medicare,' covers everyone for doctor visits, hospital stays and some medical tests, It also pays a portion of many prescription medications. There is much that Medicare doesn't cover, including dental physiotherapy and ambulance services. There are also distinct public and private hospitals. Some Australians take the public.private balance to be itself a value worth preserving. The president of the Australian Medical Association told a reporter recently that the balance between the two is "what makes our healthcare s...