by Dan Mitchell | Jul 2, 2017 | Blogs, Economics, Health Care
When discussing government involvement in the health sector, I usually focus on the budgetary implications. Which makes sense since I’m a fiscal wonk and programs such as Medicare, Medicaid, and Obamacare are diverting ever-larger amounts of money from the economy’s...
by Dan Mitchell | Jul 1, 2017 | Blogs, Health Care
Writing about the sub-par single-payer healthcare system in the United Kingdom, Paul Krugman infamously claimed that,“In Britain, the government itself runs the hospitals and employs the doctors. We’ve all heard scare stories about how that works in practice; these...
by Dan Mitchell | Jun 28, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Senate Republicans have produced their Obamacare repeal legislation, though as I noted at the end of this interview, it’s really more a bill about Medicaid reform than Obamacare repeal. While it’s disappointing that big parts of Obamacare are left in place, it’s...
by Dan Mitchell | Mar 14, 2017 | Blogs, Economics, Health Care
I shared last year a matrix to illustrate Milton Friedman’s great insight about the superior results achieved by markets compared to government. Incentives explain why markets work best. When you spend your own money on yourself (box 1), you try to maximize quality...
by Dan Mitchell | Feb 26, 2017 | Big Government, Blogs, Health Care, Welfare and Entitlements
The United States is going to become another Greece, and it’s largely because of poorly designed entitlement programs. As the old saying goes, demography is destiny. Let’s look at just one piece of that puzzle. James Capretta of the American Enterprise Institute has a...
