Commentary

Commentary

Kidney Dialysis: The Price of Government Monopoly

The punch line? The U.S. government’s Medicare program is the monopoly health insurer for patients who need the treatment. That goes a long way to explain why the protocol is frozen in time. Can you think of any medical specialty — cardiology, psychiatry, orthopedic surgery, etc. — where you can ...
Business & Economics

Conservative Leaders on Costly Lawsuits and Health Care Reform

MEMO FOR THE MOVEMENT RE: Costly lawsuit abuses drive up medical expenses and add billions of dollars to the cost of healthcare, but provide only marginal assistance to injured patients. Yet Congress refuses to address this problem or to make it part of meaningful healthcare reform. Concerned citizens need to ...
Business & Economics

What we need

In an interview with the Competitive Enterprise Institute and the Pacific Research Institute last week, Tom McClintock — one-time candidate for governor in California, one-time member of the state’s Assembly and Senate, and now a member of the House of Representatives — offered an opinion about why this state is ...
Commentary

The Top Ten Reasons We Must Oppose ObamaCare

Why it has to be stopped. 1. ObamaCare’s centerpiece, a Medicare-like “public option,” would cause millions of Americans to lose their employer-provided health insurance. Millions of employers would choose this new “option” for their employees. The Lewin Group, a prominent consulting firm, estimates that under a widespread, Medicare-like “public option,” ...
Business & Economics

Even When Krugman’s Right, He’s Wrong

In other words, Krugman’s enemies–Eugene Fama and John Cochrane–use invalid arguments but reach a true conclusion, namely that big government deficits don’t help an economy in recession. So here’s Krugman’s opening paragraph: Brad DeLong is upset about the stuff coming out of Chicago these days — and understandably so. First ...
Commentary

Prescription: Debt

Obamacare Would Lose $65 Billion a Year DEMOCRATIC members of Congress are now trying to decide whether they’re better off abandoning ObamaCare and inviting the administration’s wrath — or supporting it and inviting their constituents’ wrath. If the public learns the full extent of what the Congressional Budget Office has ...
Business & Economics

The Reagan Revolution and Its Discontents

His presidency was better than expected, but worse than desired. Some years ago I had occasion to hear Sir Martin Gilbert, then in the midst of producing the official biography of Winston Churchill, discuss how he became interested in writing history. His answer was simple — curiosity. As a small ...
Commentary

Surprise! Waxman Is Wrong!

Precisely how has Big Phrma done that? Well, there are about 6 or 7 million people eligible for both Medicaid and Medicare — “dual eligibles” in Beltwayspeak — and they were shifted from Medicaid to Medicare Part D for their drug needs when Part D was implemented. (This made the ...
Commentary

The Medicare tsunami

In a recent news conference, President Obama said: “The biggest driving force behind our federal deficit is the skyrocketing cost of Medicare and Medicaid. So let me be clear: If we do not control these costs, we will not be able to control our deficits.” He is absolutely right. The ...
Commentary

Another Attack On Big Drugmakers

Health Care: Powerful California Rep. Henry Waxman wants to save Medicare billions by going after drug industry “windfalls.” As usual, his “savings” will very quickly turn into higher costs for you-know-who. So many industries, so little time — that might be the Democrats’ motto. By demonizing the drugmakers, Waxman and ...
Commentary

Kidney Dialysis: The Price of Government Monopoly

The punch line? The U.S. government’s Medicare program is the monopoly health insurer for patients who need the treatment. That goes a long way to explain why the protocol is frozen in time. Can you think of any medical specialty — cardiology, psychiatry, orthopedic surgery, etc. — where you can ...
Business & Economics

Conservative Leaders on Costly Lawsuits and Health Care Reform

MEMO FOR THE MOVEMENT RE: Costly lawsuit abuses drive up medical expenses and add billions of dollars to the cost of healthcare, but provide only marginal assistance to injured patients. Yet Congress refuses to address this problem or to make it part of meaningful healthcare reform. Concerned citizens need to ...
Business & Economics

What we need

In an interview with the Competitive Enterprise Institute and the Pacific Research Institute last week, Tom McClintock — one-time candidate for governor in California, one-time member of the state’s Assembly and Senate, and now a member of the House of Representatives — offered an opinion about why this state is ...
Commentary

The Top Ten Reasons We Must Oppose ObamaCare

Why it has to be stopped. 1. ObamaCare’s centerpiece, a Medicare-like “public option,” would cause millions of Americans to lose their employer-provided health insurance. Millions of employers would choose this new “option” for their employees. The Lewin Group, a prominent consulting firm, estimates that under a widespread, Medicare-like “public option,” ...
Business & Economics

Even When Krugman’s Right, He’s Wrong

In other words, Krugman’s enemies–Eugene Fama and John Cochrane–use invalid arguments but reach a true conclusion, namely that big government deficits don’t help an economy in recession. So here’s Krugman’s opening paragraph: Brad DeLong is upset about the stuff coming out of Chicago these days — and understandably so. First ...
Commentary

Prescription: Debt

Obamacare Would Lose $65 Billion a Year DEMOCRATIC members of Congress are now trying to decide whether they’re better off abandoning ObamaCare and inviting the administration’s wrath — or supporting it and inviting their constituents’ wrath. If the public learns the full extent of what the Congressional Budget Office has ...
Business & Economics

The Reagan Revolution and Its Discontents

His presidency was better than expected, but worse than desired. Some years ago I had occasion to hear Sir Martin Gilbert, then in the midst of producing the official biography of Winston Churchill, discuss how he became interested in writing history. His answer was simple — curiosity. As a small ...
Commentary

Surprise! Waxman Is Wrong!

Precisely how has Big Phrma done that? Well, there are about 6 or 7 million people eligible for both Medicaid and Medicare — “dual eligibles” in Beltwayspeak — and they were shifted from Medicaid to Medicare Part D for their drug needs when Part D was implemented. (This made the ...
Commentary

The Medicare tsunami

In a recent news conference, President Obama said: “The biggest driving force behind our federal deficit is the skyrocketing cost of Medicare and Medicaid. So let me be clear: If we do not control these costs, we will not be able to control our deficits.” He is absolutely right. The ...
Commentary

Another Attack On Big Drugmakers

Health Care: Powerful California Rep. Henry Waxman wants to save Medicare billions by going after drug industry “windfalls.” As usual, his “savings” will very quickly turn into higher costs for you-know-who. So many industries, so little time — that might be the Democrats’ motto. By demonizing the drugmakers, Waxman and ...
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