There is a critical distinction between market friendly and business friendly deregulation but this is almost never made, with sometimes terrible consequences. Perhaps the best example of the latter is the US healthcare system, where insiders rule and investors rejoice, but at the expense of patients and the rest of the economy.Investors often benefit from […]
October 17th, 2018 · Comments Off on Patients Versus Shareholders
June 21st, 2017 · Comments Off on Buffett Is Right, The U.S. Pays A Huge Economic Price For Its Wasteful Healthcare
The US healthcare system is rife with inefficiencies; as a consequence, it’s much more expensive compared to other advanced nations. This would be tolerable if it produced better health outcomes as these other nations, but it doesn’t. These high healthcare costs put America at a competitive disadvantage. The proposed healthcare law does nothing to address […]
January 26th, 2017 · Comments Off on Repeal And Replace Cannot Escape Basic Healthcare Trade-Offs
Healthcare is the single biggest sector of the economy, and it’s also the main job creator. The US has a particularly expensive healthcare system, which negatively affects the economy in myriad ways. Because of its importance, and the complexity of the system, changes must be very well thought out in advance. Repeal And Replace Cannot […]
Tags: Public Policy
March 25th, 2010 · 2 Comments
After all the fiery rhetoric, can this be a surprise..
Tags: Reform Capitalism
February 19th, 2010 · 2 Comments
For markets to function, both buyers and sellers need access to the same information. When this is not the case (a situation known as ‘asymmetrical information’ in economics), things can go badly wrong….
July 31st, 2009 · Comments Off on Why free markets won’t produce healthcare for all
Free markets do not work in certain markets, especially those where parties to the transaction have different information (‘asymmetric information’, as it’s called in economics). Health insurance markets are a good example of those, and nobody explains that better than Paul Krugman..