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John D

I think the big problem with Obamacare is that it is a true example of the old joke about a camel made in committee. It tried to do a little to please the uninsured, the insured, the medical industry, the insurance industry; and in the end really pleased no one. We need to either go single payer (which may be the best alternative) or leave it to the market. Anything in between that takes 2700 pages to document is doomed to failure.


Yoga? Yoga it is.

Don Levit

There are enough people that believe Medicare Part D is fully funded to have a name: the trust fund perspective.
Many of you know that Part D requires general revenues to pay 75% of the premium, and is an immediate budget expense.
But, there are those who believe that Treasuries are as good as gold, so that any future spending is already paid for!
I can provide an excerpt and link from a Treasury department paper, if anyone is interested.
Don Levit

Robert Firth

The Medicare debacle, and more recently the student loan debacle, I think illustrates a fundamental problem with government intervention. Any move by the government to subsidise consumption is doomed to fail, because the producers raise their prices to absorb the entire subsidy, and the consumers are no better off than before. You can see the same in Britain where people who don't work have their rents subsidised: the landlords have raised rents to 2 or 3 times the market rate.

It is a pity that politicians and economists - especially those of a "leftward" bent - seem never to understand the law of unintended consequences.

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