From Charlie Martin: ‘The Arithmetic Absurdity Of Obamacare’

Full piece here.

I’ve gotten a few emails suggesting there’s been a lot of ‘partisanship,’ on the site lately.  I agree there’s more than usual, but in the face of such a pork-passed monstrosity of a law, with so many bad incentives, so much adverse selection, and young people being forced to work in a system that makes so little sense for them, it’s good to have certain ideas boiled down:

Thanks for any concern.  I assume the risk of driving some people away with all this political talk.


Now, what’s the point of this little fable? Basically, this is the story of health insurance. We started off with “major medical,” which was a way to protect yourself against big medical bills that everyone hoped they wouldn’t have; now what we’ve got is that major medical — but we’re also paying for snow-shoveling, er, we’re paying for everyone’s day to day medical care, and we’re paying for it in pretty much the most expensive and complicated possible way: through a federal government agencyand insurance companies.

Related On This SiteRichard Epstein At The Hoover Institution: ‘The Obamacare Train Wreck’

Avik Roy At Forbes: ‘Democrats’ New Argument: It’s A Good Thing That Obamacare Doubles Individual Health Insurance Premiums’Megan McArdle At Bloomberg: ‘Health-Care Costs Are Driven By Technology, Not Presidents’

Richard Epstein At The Hoover Institution: ‘The Obamacare Quaqmire’

Richard Epstein At The Hoover Institution: ‘Watching Obamacare Unravel’

From The New England Journal Of Medicine Via CATO: ‘The Constitutionality of the Individual Mandate’From If-Then Knots: Health Care Is Not A Right…But Then Neither Is Property?… From The New Yorker: Atul Gawande On Health Care-”The Cost Conundrum”Sally Pipes At Forbes: ‘A Plan That Leads Health Care To Nowhere’

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