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CBO Thinks Millions of Americans Aren’t Going to Sign Up for “Affordable” Care

Tuesday, August 26th, 2014 by posted in Economics, Health Care.
CBO on Individual Mandate

In June the U.S. Congressional Budget Office (CBO) updated its forecasts regarding the “individual mandate” component of the Affordable Care Act (ACA), also known as “ObamaCare.” Recall that the individual mandate is the tax levied on Americans who commit the

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CBO Keeps Reducing Its Estimate of ObamaCare Benefits

Sunday, August 24th, 2014 by posted in Economics, Health Care.
CBO Coverage Over Time

I’ve been following the wonkish analysis of the Affordable Care Act–abbreviated as the ACA or often referred to as “ObamaCare”–from the beginning. I’ve noticed that even though most Americans think it grants “universal coverage” the same way that anybody can walk

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What If We Could Sell Our Kidneys?

Friday, August 22nd, 2014 by posted in Economics, Health Care, Law, Politics, Regulation.
What If We Could Sell Our Kidneys?

According to the Kidney Foundation of Canada, one in 10 Canadians has kidney disease. Moreover, the number of Canadians being treated for kidney failure has tripled in the past two decades – and each day, 16 people are added to

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Private Health Care is Inevitable in Canada

Thursday, June 26th, 2014 by posted in Capitalism, Economics, Health Care.
healthcaregraph

Private health care is inevitable in Canada. Does that sound crazy? Decades ago, socialized medicine became an iconic institution in the country. It wasn’t just the establishment of “free” healthcare for all, but an existential “right” created by a loving

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Krugman on ObamaCare: OK, What Would *Failure* Look Like?

Monday, June 9th, 2014 by posted in Economics, Health Care.
Uninsured

Paul Krugman assures his readers that his predictions and interpretations of economic events come out with flying colors. But that’s often because he ex post sets an unbelievably low threshold for success. Take for example his latest post on the

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The Right to Starve

Monday, June 2nd, 2014 by posted in Health Care, Law, Philosophy.
Margoy_Bentley

Questions of liberty can sometimes be difficult. Not everything fits together in a nice, easily-understood package. Morality often gets involved, along with emotional ties that complicate matters. Logical consistency should always trump passion; but it’s sometimes hard to shove the

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The Lesson of Eugenics: “Perfection” Taken Too Far

Saturday, May 17th, 2014 by posted in Health Care, History, Regulation.
dnaediting

Reprinted from the Press and Journal The era of cheap housing may finally be upon us. In China, the private firm WinSun is using 3D printers to produce up to 10 houses a day. Thanks to the decreased labor cost

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Quick Update On The Conscience of Paul Krugman

Saturday, April 19th, 2014 by posted in Economics, Health Care.
Nobel Prize winning economist Krugman speaks during an interview in New York

It certainly generated amusement among critics of Paul Krugman when Gawker reported that he was being paid $25,000/month to do very little work on behalf of the City University of New York’s new program on income inequality. I truly wasn’t going

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Scary: Krugman’s Idea of ObamaCare Success Story

Wednesday, April 16th, 2014 by posted in Economics, Health Care.
Nobel Prize winning economist Krugman speaks during an interview in New York

Paul Krugman has made another installment in his campaign to promote the wonders of ObamaCare. In this post, Krugman laments that New Yorkers of all people don’t recognize how great the new health insurance regime is working  out. He tells

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Wikipedia and the Decentralization of Medicine

Monday, March 17th, 2014 by posted in Capitalism, Economics, Health Care.
Wikipedia-Business-300x300

Remember when you were in college and your professors all went into fits of red-faced, paralyzing rage at the very idea of using Wikipedia as a source for a paper? Well then, you clearly didn’t go to medical school, because

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Can’t Make ObamaCare Without Breaking Some Households

Thursday, February 27th, 2014 by posted in Health Care.
Can’t Make ObamaCare Without Breaking Some Households

Robespierre reputedly welcomed the bloody French Revolution with the chilling statement: “One can’t expect to make an omelet without breaking eggs.” Versions of the quote have also been attributed, perhaps apocryphally, to Joseph Stalin. In these cases, the phrase signifies

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Pharmacy Wars

Wednesday, February 26th, 2014 by posted in Capitalism, Health Care, Regulation.
Apotheosis teaser

The Ontario Government’s war on drugs is entering a new and more dangerous phase that is bringing increasing violence to the most unexpected of places: the province’s pharmacies. One normally thinks of pharmacies as being places of peace and quietude.

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David R. Henderson Points Out Huge Flaw in Pro-ObamaCare Claims

Thursday, February 20th, 2014 by posted in Economics, Health Care.
DRH 2008-1

The good thing about the Internet is that there is a Hayekian safety net: When a bunch of free-market economists are idiots and overlook an obvious point, eventually somebody comes along to rescue them. For today’s example, we have the

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Yet More Clarification on ObamaCare Work Distortions

Sunday, February 16th, 2014 by posted in Economics, Health Care.
Jonathan Gruber

After publishing my recent post discussing how the proponents of the Affordable Care Act (ACA or “ObamaCare”) were making a distinction without a (significant) difference on the terms “substitution effect” versus “income effect,” I saw that Scott Sumner over at

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“Income vs. Substitution Effects” Not the Issue With ObamaCare

Saturday, February 15th, 2014 by posted in Economics, Health Care.
bank-error-in-your-favor-monopoly

With the Congressional Budget Office’s (CBO’s) recent announcement that the Affordable Care Act (aka “ObamaCare”) will lead to a long-term reduction of employment of (the equivalent of) 2.5 million full-time jobs, the economics pundits are arguing over the significance of

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Awkward: CBO More Than Doubles Estimate of ObamaCare Impact on Employment

Wednesday, February 5th, 2014 by posted in Economics, Health Care.
CBO

In its new report, the Congressional Budget Office (CBO) provided good news and bad news for the Obama Administration. On the one hand, the fiscal outlook is a lot better now than, say, two years ago. (Of course, if and

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Lowering Barriers to Entry to Boost Doctor Supply

Tuesday, January 28th, 2014 by posted in Economics, Health Care.
18-cwru-white-coat-880x587

Where have all the good doctors gone? Becoming a doctor is no easy task. It takes a lot of time, a lot of effort and a lot of money to make it through medical school, and even after that there

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Healthcare: High Prices and Few Kidneys

Wednesday, January 22nd, 2014 by posted in Capitalism, Economics, Health Care, Politics, Regulation.

Start with a simple proposition: America does not have a healthcare problem. The services provided are the best on this planet, and people from around the world travel to its hospitals and clinics to seek treatment. If they can afford

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Tens of thousands of Canadians flee Canada

Sunday, January 19th, 2014 by posted in Civil Liberties, Economics, Health Care, Politics, Regulation.

Canada is amongst the top countries in the world when it comes to safety and security. So what could be so bad that it enticed tens of thousands of Canucks to flee the country in 2013? How about socialized healthcare?

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Star Trek and the Decentralization of Medicine

Wednesday, January 15th, 2014 by posted in Capitalism, Health Care.
mccoy_mediscan

The technological impact Star Trek has had on our society can hardly be overstated. Inventors inspired by Gene Roddenberry’s vision were responsible for giving us such marvels as automatic sliding doors, flip phones and even tablet computers. Now, another classic

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