Healthcare is a multiplier, not a consumer good

Adam Davidson tells a personal story about a relative who, with health care, could've continued his career. Without that healthcare, he ended up addicted and in jail. What the GOP doesn't get about who pays for health care: However, dividing health expenditures into these categories misses an important economic reality: health-care spending has a substantial … Continue reading Healthcare is a multiplier, not a consumer good

Let’s price externalities, America

Hello, America. We have to talk. You are built on top of a mountain of federal (a trillion or so dollars) debt. That debt covers some things we need (roads, health care, social safety nets, education, scientific research) and subsidizes distasteful things (energy companies, military contractors, banks, real estate). You could consider that debt the … Continue reading Let’s price externalities, America

They’re okay political opinions

The downside to the Republicans proposing a healthcare bill is that it's a major legislative disappointment, given they've spent seven years symbolically opposing healthcare. The upside is that, at least, we have something substantive to discuss about healthcare. The silver lining is possibly voters will come to see the Republican party for its cynicism. What … Continue reading They’re okay political opinions

Perhaps there's a benign explanation for Paul Ryan appearing to have cut off his phones. Anecdotally, it does not seem GOP Congresscritters are putting much effort into their voicemails or phone lines. I called my representative, Lamar Smith, yesterday afternoon, incensed that he had suggested we listen to Trump and not the media. Both his DC … Continue reading