Kotlikoff: Back to work in Two Weeks

First, test everybody – the healthy and the sick. The “healthy” may be infected and asymptomatic, yet still spreading the virus. Hence, testing the “healthy” can help us quarantine those who are infected but so far asymptomatic. Second, the “healthy” who test negative can be allowed to return to work, attend school, shop, frequent restaurants, etc. Group testing makes this practical. More.

Kotlikoff: How Social Security is Conning Seniors

Forbes

Social Security has a policy of calling people close to 70 and making them an “offer” to start their benefits retroactively. Doing so saves Social Security money but hurts the recipients, who lose thousands of dollars of life time benefits. The bribe comes packaged with suggestions that if they die they won’t get their checks, so why not grab six months of benefits for sure. More.

Kotlikoff: we need group testing, every day

Forbes

With group testing, you take samples, say, from 20 people and test them all at once. If the result is negative, those 20 are free to go to work. If the test is positive, you divide the group into two and test 10 at a time. Using this method, you greatly reduce the number of tests needed to separate those who have the virus from those who do not. And we should do this every day. More.

How Would Free Market Health Care Respond To The Coronavirus?

Forbes

Most patients would have a health kit in their home, with a temperature gauge, blood pressure cuffs and an oxygen sensor. Patients would have these because doctors, hospitals and health plans would encourage them. Patients with older models would call in the readings to their doctors. Newer models would send the doctor an automatic, electronic alert if there was reason to be concerned.More

Coronavirus and Health Reform

Forbes

Critics of President Trump’s response to the coronavirus crisis characterize it as knee-jerk, spur-of-the-moment, and grasping at any straw within reach. In fact, many of the executive actions we have seen in the past few days reflect a new approach to health policy that has been underway almost since the day Donald Trump was sworn into office.

These include the ability to be diagnosed and treated without ever leaving your own home; the ability to talk to doctors 24/7 by means of phone, email and Skype; and the ability of the chronically ill to have access to free diagnoses and treatments without losing their access to Health Savings Accounts. More.

Obamacare at Age Ten

Forbes

John Goodman writes: Many people lost the insurance they were promised they could keep. Many lost access to the doctor they were promised they could continue to see. Premiums have doubled. Deductibles have tripled. Provider networks are so narrow, people with serious health problems are routinely denied access to the best doctors and the best hospitals. More.

How Obamacare Made Things Worse for Patients With Preexisting Conditions

One of the strange features of the national health care conversation is how it has evolved. What is often referred to as Obamacare began as an attempt to insure the uninsured. In fact, the initial Congressional Budget Office estimates predicted the Affordable Care Act would be largely successful in doing just that. Yet it was the Senate’s Democratic leader, Chuck Schumer of New York, who identified the political problem with that goal early on. About 95% of those who vote already have insurance, Schumer noted. So Obamacare was promising to spend a great deal of money on people who don’t vote. More.

Paul Krugman Is Selling Snake Oil

Forbes

Krugman hates Republicans and hates economists who advise them. His specialty in trade is the argument ad hominem. He doesn’t just disagree with people; he psychoanalyses them. He attacks their character, their motives, their honesty and their morality.

But why attack Republicans? If we accept Krugman at his word, he cares about income inequality, racism and the lack of progress for people at the bottom of the income ladder. Republican politicians have very little control over any of that. In virtually every large city in the country, minority families are all too often forced to send their children to the worst schools. They live in the worst housing. They endure the worst environmental hazards. And in virtually every case, these cities are being run by Democrats!More

Kotlikoff on the Coronavirus

I predict a massive drop in global stock markets in coming days with no rebound until what is now being called a pandemic is brought under control. Such a drop in the market will exacerbate the pessimism, which will slowly but surely engulf global business leaders and consumers and wreak havoc on the world economy. We have something very real to fear, which is producing real-time economic reactions, like the closing off of China, that are truly beyond belief. These reactions are fully capable of panicking billions of investors and consumers in our highly interconnected and mutually dependent global economy. More