If you are a high net worth individual you probably already know about it. A … Read More
The Liberty, Ecology and Prosperity blog is about appreciating and protecting the environment, using the tools of economics. The blog manager is Jane Shaw Stroup, a former senior fellow of the Property and Environment Research Center (PERC). John Baden, father of the New Resource Economics, is the lead off blogger.
More than 4 in 10 patients who visit an emergency room or enter a hospital are confronted with bills for out-of-network services – even though the insurance company and the hospital led the patients to believe that their care would be in-network. In some cases, patients have faced charges that are many thousands of dollars. John Goodman’s solution: insurers and hospitals should not be able to claim the hospital is in the insurer’s network if that isn’t 100% true. Otherwise, its false and misleading advertising. More.
Some people can’t see the forest for the trees. For the past two years the Trump administration has been pushing the limits of executive authority to make fundamental changes in our health care system. If Congress would do its part, the system would be radically different than it was the day Donald Trump was elected president. John Goodman summarizes the most the most important of these changes. More.
Even climate deniers should be receptive to a carbon tax that is more than offset by reductions in other taxes. The total tax burden would be lower and we would be buying insurance against the bad effects of climate change. So argues Prof. Laurence Kotlikoff in The Hill. More.
She proposes to abolish the ObamaCare exchanges—a signature Democratic accomplishment—and enroll participants in something resembling Medicare Advantage, a program expanded during the George W. Bush administration. That’s better than anything Ms. Harris’s Democratic rivals have proposed. It’s also better than many Republican reform ideas. More.
The plan was prepared for the Trump administration by John C. Goodman (father of Health Savings Accounts) and Marie Fishpaw (Heritage Foundation) and published by National Review Online. The plan features such patient friendly ideas as portable health insurance and doctor consultations by means of phone, email and Skype. More.
With help from Congress, he can drastically transform our dysfunctional system By Marie Fishpaw and … Read More
This week, the House repealed the tax on expensive employer-provided health plans. The tax is favored by economists because otherwise, the tax law would be subsidizing health spending – no matter how wasteful. However, John Goodman says the only good that is done by the tax is done in a very crude and ineffective way. Congress should replace the tax, he says – giving employers and their employees the option of a tax credit instead. More.
The Federal Reserve is paying banks 2.35 percent on their reserves. Banks are paying depositors only 0.06 percent. Competition would eliminate that gap and sensible reform would eliminate the risk of another Great Recession, says economist Laurence Kotlikoff. He points to a “narrow banking” reform, which he first proposed with John Goodman in The New Republic ten years ago. More.