by Tyler Cowen
on February 8, 2013 at 12:41 pm
in Books, Current Affairs
That is a new Kindle single by David Leonhardt, self-recommending!
Here are comments from Matt Yglesias.
Thanks for pointing to this one. Price point is quite good as well!
Well, you can’t get a bottle of 2 buck chuck anymore, so my $2 went for this book.
It was a nice read. A good history of how we got to where we are. Basically, he says it’s our own damn fault. Can’t really argue with that.
But there weren’t any hard proposals for solving anything. He says we should fix taxes because they are really screwed up but they are also at historic lows and will have to be raised and he says we need to fix our health care system and, yes, we will have to ration care and reduce costs.
But there are no details as to how.
I’ll read it again to make sure I didn’t miss anything important.
So, rationing is exactly the same no matter if it is done by the market or by government…but we HAVE to ration it because the government is out of money but CANNOT ration it based on individual’s financial choice.
And as for taxes, who is this “we” kemosabe. Of course voters want people to pay taxes, they want OTHER people to pay taxes.
And how is it that we have a national/government overspend on healthcare while individuals can’t afford it? If people couldn’t afford it, then we’d be buying too little healthcare, but we are (allegedly) buying too much. I know, I know, the 1% are buying all the healthcare, except that is illogical too.
“A 2003 GOP push to tilt spending more in favor of the elderly by adding a debt-financed prescription drug benefits to Medicare, and a 2009 Democratic push to tilt it in the other direction by cutting Medicare payments to finance Medicaid expansion.”
I would describe the GOP prescription benefit as promoting patient choice – essentially the rationing that Leonhardt is arguing for – and the Medicaid expansion as an open ended benefit. That’s me though.
Don’t expect the public schools to tackle this question.
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