Tuesday, August 14, 2012

I've Been Out-Blogged

I was going to write up some more blog posts about the health care decision and the impact of the Affordable Care Act/Obamacare, but over the last month or so, John Cochrane has been writing some fantastic posts that pretty much sums up how I feel, too. So I didn't feel a need to duplicate the work he's already done. Instead, you should read the linked posts! Here is what Cochrane said:

1. On June 28th: "I think the court did the right thing....the mandate was never the weakest part of this law as a matter of economics....We should not rely on the court to determine economic policy or write laws."

2.  On June 30th: "There is in fact a huge difference between a tax on people without health insurance and a mandate enforced with a penalty."

3. On July 12th: On health care versus health insurance, competition and the price system, and alternatives to the ACA. In particular:
Health care is a complex service, in which each person’s needs are blurry, and the line between “need” and “want” blurrier still....If we don’t ration by price, we will ration directly....Where are the health-care equivalents of Southwest Airlines, Wal-Mart, and Apple -- innovating, dramatically lowering costs and bringing everyday low prices to health care? They have been kept out of the market by anti-competitive regulation....Insurance should be insurance, reserved for unpredictable and catastrophic expenses.

Cochrane's written up a bunch of quality posts lately, including Myths and Facts About the Gold StandardJust How Bad is the Economy?, and Subsidies for Economists?

In fact, you should just add Cochrane's Blog to your feed.

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