- John Goodman
- Larry Kotlikoff
- Jane Shaw Stroup
- Thomas Saving
- Devon Herrick
- Linda Gorman
- Pete Du Pont
- All Posts
The Morality of Taxation
In contrast to a moral approach to taxation, some argue for an immoral, or at least amoral, approach. The most prominent among them is former New York Times columnist Paul Krugman. His approach to taxation of the rich is the same approach a petty thief would take to garden-variety robbery: grab whatever you can get. Krugman guesses that the revenue-maximizing tax rate for someone like LeBron James could be as high as 90 percent. Slaves on southern plantations were able to consume a 9-times-greater share of their output than Krugman would allow for James. More.
Why is There a Birth Dearth?
- The opportunity cost of motherhood
- The cost of successful child rearing
- The cost of childhood competition
- Government regulation of housing, education, day care, etc.
Medicare Advantage is Saving Taxpayers Money
Writing in the Wall Street Journal, John Goodman says the Editors got it right and the economists at AEI and Brookings (along with MedPAC) got it wrong. The Medicare Advantage program is saving the government money. More
Obamacare Impasse in Congress
One reason why the two parties can’t reach some sort of compromise is that neither party has been willing to tackle the three biggest problems that afflict the market the Affordable Care Act created. On the buyer side, we have been trying to force people to buy insurance they would never buy with their own money. On the seller side, we have been trying to force insurers to enroll people they do not want to enroll. And on both sides of the market, we have created perverse incentives that cause costs to be higher and quality lower than would otherwise have been the case. More
What Both Parties are Missing on Health Reform
As Congress revisits health reform, much of the debate overlooks the structural issues driving high premiums and limited choice. This virtual policy discussion brings together leading health policy experts to examine market-based reforms that could meaningfully lower costs and improve access—without expanding bureaucracy. View the virtual Health Policy Event hosted by the Goodman Institute and the Market Institute on Youtube.
Goodman on Health Policy
Why both parties missed an opportunity to reform Medicaid. Why they missed an opportunity to reform the Obamacare exchanges. Why partisanship is the biggest obstacle to sensible health reform.
Watch Dr. Goodman’s talk to the Public Affairs Luncheon Club in Dallas.
What We Should Be Eating
To our knowledge, the Goodman Institute is the only public policy think tank that has called for the complete inversion of the Food Pyramid, and we first did it under the Biden administration. In his latest post, John Goodman reviews the food wars – going back more than 160 years – and concludes that on this issue RFK Jr. appears to have the better argument.
Trump’s Health Reform
Pete Sessions and John Goodman give details on how Trump’s approach to health reform might work. People would be able to buy insurance that meets their needs. If a medical need arises that is not covered by their chosen plan but is covered by Obamacare plans, people would be able to switch to a silver plan in the exchange. Roth Health Savings Accounts could be used for all primary care and other out-of-pocket costs. Money not spent could be withdrawn for other purposes with no taxes or penalties. More.
An Alternative to High Deductibles
Next year, the out-of-pocket exposure for someone who buys insurance on the (Obamacare) exchange will be $12,000. It will be $24,000 for a family. If they have chronic health problems, families can face those costs every year.
Congressman Pete Sessions and John Goodman offer a better alternative. Give people a deposit to a Health Savings Account if they agree to be responsible for all preventive care, all primary care, chronic care management, or some other area of care.
The model is Cash and Counseling, the Medicaid program for the home-bound disabled – a highly successful program that has been around for several decades. More
Trump’s Best Health Care Idea
Writing in the Wall Street Journal, John Goodman says the Trump Administration’s proposal to permit non-network health plans “promises to solve two problems: extreme differences in actual prices for the same service because of a lack of price competition, and narrow networks that are denying patients access to the best doctors and medical facilities.” More.
Rural Health Care
The federal government is offering the states $50 billion over the next five years, and its up to the states to propose ways of spending the money. John Goodman has a number of proposals, including use of drones, greater use of telemedicine along with free market pricing, direct primary care, and deregulation of the hospital sector, health insurance and medical practice law. Click to view the Publication.
ObamaCare still desperately needs fixing
The American Rescue Plan injects new life into ObamaCare with more generous subsidies, expanded eligibility and premium limits that make insurance more affordable. Unfortunately, the stimulus proposal just passed by Congress does nothing to correct the most serious...
The Government’s New Tax Break for Retirees is Less Than Meets the Eye
QLACs — Qualified Longevity Annuity Contracts promise to be “A Retirement Tax Break That Ends the Fear of Outliving Your 401(k).” But while buying a QLAC lowers the person’s exposure to one major risk (living too long), it raises exposure to another risk: inflation. More
What the Debt Deal Ignored
A month ago, Social Security’s Trustees published their annual report. Table VIF1, buried deep in the Appendix, where no one looks, is the statement that Social Security’s unfunded liability is $66 trillion. This measure of Social Security’s red ink is not just gargantuan on its own. It’s $13 trillion larger than it was just three years ago. More
Social Security Sues invalid for Money He Received 21 Years Ago, At Age 11
Roy Farmer of Grand Rapids Michigan has Cerebral Palsy. He’s 32. In 2019, out of the blue, he received a claw back letter from Social Security demanding he repay $4,902 that his (now deceased) mother received back when he was 11. Roy has spent over three years appealing this judgement. He’s been denied twice. More from Kotlikoff Forbes editorial.
Our Fiscal System Needs Reform
Over half of working-age Americans face lifetime marginal tax rates (including direct taxes and loss of entitlement benefits) above 43 percent. One in ten in the bottom fifth face tax rates above 70 percent, effectively locking them into poverty. For some would-be-workers, the tax rates exceed 100 percent.
Extremely high LMTRs reflect the complete loss of family benefits, in the current and future years, from programs such as Medicaid – which ends benefits abruptly if one’s income or assets exceed specific thresholds by even one dollar. More.
Social Security’s Massive Malfeasance
Social Security has committed and continues to commit huge fraud against 13,000 plus widow(er)s who collectively have been swindled out of $130 million. Those are the figures of Social Security’s own Inspector General. More
America’s Fiscal Gap
That’s the difference between the federal government’s spending commitments and its income – looking indefinitely into the future. Closing the gap through time requires an immediate and permanent 41.3 percent increase in all federal taxes or an immediate and permanent 35.3 percent cut in all non interest federal spending. More
Social Security Benefits: Heads They Win, Tails You Lose
One disabled lady was clawed back for over $300,000 for a mistake that Social Security admitted in writing was theirs! If she doesn’t repay, Social Security will almost always stop sending people like her a single penny until they pay “what they owe.” This can take years or decades. More
Letter to the Commissioner
Congratulations on limiting the amount by which a beneficiaries benefits may be clawed back because of Social Security ‘s own mistakes. More needs to be done however. More.
Social Security Claws Backs $34K from a Disabled Blind Worker for “Overpayments” Going Back 23 Years!
Social Security sends out more than 2 million clawback letters every year. Why so many clawbacks? Simple. Social Security doesn’t have the data it needs to correctly calculate benefits for tens of millions of us. Or it has the information on day 1, but doesn’t process it. Or it inputs the wrong information. Or it mixes up your earnings record with someone else’s. Or it makes the wrong benefit calculations. I’ve seen all of this and more. More
Inflation is a Hidden Tax
A new study lays out the toll of lifelong high inflation on consumers. It estimates that permanent 5% inflation would lower household lifetime spending by 3.62%. Permanent 10% inflation would lower lifetime household spending by 6.82%. Even if inflation ran permanently at the Fed’s 2% target, consumers would still feel a pinch, with a 1.5% reduction in lifetime household spending. More.
China’s Decades-Long Tragedy
We are witnessing one of the greatest ironies of modern history: the population policy of the Chinese government. The state’s coercive one-child policy—complete with forced birth control, sterilizations, late (even caesarean) abortions, and likely infanticide—began...
Stubborn History: The Reading Wars
For nearly 200 years there has been a controversy in the United States over how to teach reading.
Before Heretics Were Persecuted
The first 300 years of Christianity were troubled times. As Christians, inspired by their new faith, created churches all over the Roman Empire, they were persecuted and often cruelly executed because they refused to make sacrifices to the Roman gods. The persecutions were not continuous, and some Roman governors made a point of tolerating Christians, but the threat was always there.
One threat they did not face, however, was persecution by other Christians. Christianity was such a fledgling religion that it had no clear hierarchy or even ruling group immediately after the Apostles died. It had no orthodoxy and no political power in those early years.
That would change.
Battles or Logistics? How Wars are Won
“Infantry wins battles; logistics wins wars.” This statement is attributed to World War I commanding general John J. Pershing (although I have yet to find the source). Military logistics means getting soldiers and equipment in place for battle or replacing causalities and destroyed equipment.
Who ‘Saved’ Our Forests?
Postcard above shows Biltmore Estate in 1915. From the Karl Larson Photograph Collection (PhC.205), courtesy of the State Archives of NC. It makes a good story. In the late 1800s demand for wood was insatiable—for houses, for ships, for fuel, for railroad ties....
They Shouldn’t Have Created Charitable Foundations
You’ve probably heard that Henry Ford II resigned from the board of the Ford Foundation because it had veered far away from its donor’s intent. In his 1976 resignation letter, Ford (grandson of Ford Sr.) wrote: “In effect, the foundation is a creature of capitalism—a...
Why Did the Europeans Win?
My last post, “Land Grants or Land Grabs,” revealed that most federal land that started land-grant universities had been taken from Indians. I received some constructive pushback. But that feedback reminded me of a question, Why did the Europeans invade the New World in the first place and conquer Native Americans, rather than Native Americans invading Europe and conquering Europeans?
Land Grants or Land Grabs?
You may have seen a statement similar to this one on a university website: “NC State University . . . respectfully acknowledges that the lands within and surrounding present-day Raleigh are the traditional homelands and gathering places of many Indigenous peoples, including eight federally and state-recognized tribes. . . .” Such statements are not purely the result of gracious sentiments. NC State’s acknowledgment and many others were added after a troubling study appeared. It was “Land-Grab Universities,” published in 2020 by High Country News, an environmentally oriented nonprofit newspaper in the West.
Let’s Not Blame Jane Jacobs
My late husband and I had a running debate over which force mattered the most: downtown landowners who wanted to keep up rents (Rick’s view) or urban planners (my view). Rick, the economist, may well have been right—especially about the devastation of Boston that goes back to the 1950s—but planners are at fault, too. That’s the subject of this post.
How the Barbarians Won
Have you ever thought about the difference between the biblical Jesus who said that the meek will inherit the earth and the Christ in whose name the Crusaders warred against Muslims and Jews?
These examples are, of course, at the extremes of Christianity—Jesus’ love of the least-favored people versus triumphant soldiers who went to war with the cross on their flags. But the image of Christians conducting wars and inflicting pain still jars us, and it is impossible for Christians to approve of those who took over Jerusalem in 1099 and massacred Muslims and Jews in the process.
How did this transformation take place?
What I’ve Learned about History
My academic adventure evolved into a struggle to understand why “change over time” (that’s how historians define history) occurs as it does. That is one of the reasons I created this blog: I was looking for a theory of history.
To some extent I have come up with one.
Goodman and Saving: Budget Deal’s Trillion Dollar Surprise
The most significant federal entitlement reform in our lifetime was a little noticed provision that Democrats included in the Affordable Care Act. The provision was a cap on Medicare spending, similar to the cap Republicans proposed for Medicaid last summer.
Saving on CNBC: FED is holding 20% of federal debt
The Federal Reserve System is holding 20% of the federal government’s publicly held debt. It also is holding a lot of bank reserves. For every dollar of required reserves, banks have deposited $12 at the FED.
Gramm and Saving in the Wall Street Journal: Fed Task is Precarious
The Fed balance sheet contains 20% of all publicly held federal debt and 34% of the value of all outstanding government-guaranteed mortgage-backed securities. As the economy returns to normal growth, getting rid of those assets risks runaway inflation or a crippled recovery or both.
Saving: Are Republicans Too Stingy with Medicaid?
Before the Senate voted on a “skinny” alternative to Obamacare, it was considering the House version of repeal and replace – called the Better Care Reconciliation Act (BCRA).
The Federal Reserve’s Accountability Deficit
The Federal Reserve enjoys extraordinary independence from the elected branches of government, based on the well-founded fear that politicians cannot be trusted with the power to print money and manipulate interest rates.
Tom Saving has a new book
Tom Saving has a new book called A Century of Federal Reserve Monetary Policy: Issues and Implications for the Future.
Saving and Gramm in the Wall Street Journal: The Fed’s Obama-Era Hangover
The Federal Reserve System is paying banks not to lend money under an Obama era policy.
Gramm and Saving in the WSJ: The Fed has lost its ability to control interest rates
Writing in the Wall Street Journal, former Sen. Phil Gramm and Goodman institute Senior Fellow Thomas Saving write “Never in the Fed’s 105-year history has it had less control over market interest rates than it has today…. To expect the Fed to hold interest rates above or below the market rate under these circumstances is not only naive but dangerous.”
Health Reform: There Is Something for Everyone to Love… and Hate
Why is it controversial to expand the physician supply, creating more competition? Doctors oppose it, just like they oppose expanding the scope of practice for nurse practitioners. Doctors don’t want me to be able to see a nurse practitioner or physician assistant for a wart on my toe unless that NP/PA works for them.
How did doctors get so powerful? In the first half of the 20th Century, the American Medical Association (AMA) waged a largely successful battle to close medical schools that trained competing physicians. …. More than half of American and Canadian medical schools were closed…. Thus, the job of a physician was yanked out of reach of all but the smartest, most disciplined, wealthy elites.
The 60 Percent Solution to Reforming Healthcare
Can we transform the entire health care system by empowering the roughly 60 percent of patients who are in private health plans? That’s the premise of a new book I just read by Todd Furniss (@TFurniss on Twitter). The author ofThe 60% Solution: Rethinking Healthcare, believes there are five major reforms necessary to empower patients and help them get better care at better prices. These include: (1) change governance, (2) modify health savings accounts (HSAs), (3) clear prices, (4) standardize accounting and information technology in the medical industry and (5) emphasize primary care.
Herrick: OBAMACARE RATIONS CARE FOR THE SICK AND OVERCHARGES THE HEALTHY
The health care reform debate that lead to Obamacare was initially about covering the uninsured, but in order to gain the support of ordinary people who already had coverage, proponents had to figure out a way to sway public opinion.
Herrick: States Should Ban These Lab Scams
There is a new health care scam spreading across rural America that could cost you plenty. Large commercial labs like Quest Diagnostics and LabCorp do not have locations in every small town. As a result, many rural hospitals perform lab work for both their inpatients and outpatients in the local community.
Herrick: Future Pandemics Require Better Access to Primary Care
When Americans become ill or have a health complaint, they often schedule an appointment with a primary care provider (PCP). PCPs are often the first line of defense in the battle against the onset of seasonal outbreaks of colds, flu or more serious problems like COVID-19.
Herrick: Could Free-Market Medicine Respond Better to Pandemics?
Many people have come to believe that the only way to protect Americans against future pandemics is to turn over control of our health care system to the government. The folly of this view was apparent when the U.S. Centers for Disease Control & Prevention (CDC) utterly failed as the monopoly supplier of COVID-19 diagnostic testing kits. When the first cases appeared, about half of the test kits failed and replacements were slow in coming.
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.
Response to Coronavirus Reflects Trump’s Plan to Radically Reform Health Care
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.
What’s Behind the Vaccine Slowdown?
What’s behind the slowdown in vaccinations? The consensus among experts is those not yet vaccinated either 1) don’t want the vaccine 2) harbor some doubts about vaccine safety or efficacy, or 3) simply lack the motivation to find vaccine providers and make an appointment. Vaccine hesitancy accounts for about one-third of adults. For example, the Kaiser Family Foundation ran a survey in April that found 15 percent of respondents who had not received the vaccine plan to “wait and see.” Another 6 percent will get vaccinated “only if required,” and 13 percent refuse to get the vaccine.
Correcting Misconceptions of Health Care Reform
One reader posed the question, how does the tax break for employee health insurance harm our health care system? Short answer: over time the practice reduced competition, which weakened cost-control and resulted in health care inflation three times that of consumer inflation. Consider this: once covered by generous health plans, workers cared less about what medical care cost because their health plans paid most of the tab. Employers didn’t care what things cost because they were passing on the costs to workers (indirectly) in lieu of higher cash wages. Third party administrators (TPAs), who manage the benefits for employers, didn’t much care what things cost because they were passing on the costs to employers with a mark-up. The more money spent, the more TPAs earn.
How a Questionable Drug Turned into a Goldmine at Taxpayers’ Expense
On June 7th the U.S. Food and Drug Administration approved a new drug to treat early-stage Alzheimer’s disease. Is this good news for patients suffering with Alzheimer’s disease? Probably not and certainly not for taxpayers. The clinical trial data found little evidence the drug works. One Phase 3 clinical trial showed a slight slowing in cognitive decline, while the second clinical trial failed to show any improvement.
The $3.5T Spending Mistake
Congressional Democrats are proposing to spend an enormous amount of taxpayer dollars on what the New York Times calls a “cradle to the grave” addition to U.S. social welfare. When budgeting shenanigans are ignored, the Committee for a Responsible Federal Budget estimates that the full cost is not the $3.5 trillion that has been widely advertised, but at least $5.0 trillion and possibly as much as $5.5 trillion.
Gorman: US Hospitals are Safer
A frequent criticism of US hospitals is the charge of excessive adverse medical events, sometimes leading to avoidable deaths. How do our hospitals compare to hospitals in national health care systems? Quite well. The percent of patients who experience an adverse event is twice as high in Canada, three times as high in Britain and four times as high in New Zealand.
If The Court Strikes Down Obamacare, How Bad Would That Be?
This article was coauthored by Linda Gorman, director of health care at the Independence Institute in Denver, Colorado.
Gorman in The Hill: Trump’s Drug Plan Wrong Rx
The Trump administration wants to use an average of the drug prices paid by other countries to limit what Medicare Part B pays for some drugs. This is a bad idea.
Linda Gorman Study: Obamacare Dollars Wasted
The percent of the population with private health insurance actually declined during the eight years of the Obama presidency, according to a study by health economist Linda Gorman.
Gorman: Obamacare has been extremely wasteful
The federal government spent $341 billion from 2014 through 2016 on subsidizing individual coverage so that people would buy it (Not counting the money spent on state and federal exchanges).
Gorman in The Hill: Doctor Incentives Rx is Failing
The Medicare Payment Advisory Commission has voted to recommend scrapping the Merit-Based Incentive Payment System because it “cannot succeed.”
Gorman in Forbes: Will Tax Reform Kill People?
You know you are in the silly season when the charges against sensible tax reform become more and more outrageous. The silliest and most outrageous is based on this causal reasoning: The Republican tax measure repeals the Obamacare mandate, requiring people to purchase health insurance; without the mandate, fewer people will insure; and without insurance, more people will die.
Against Medicaid Expansion
Expanding Medicaid to the relatively healthy might make sense if it improved general health. But there is little evidence it does. In Oregon, for example, a first-of-its-kind controlled trial tracked individuals who applied for Medicaid through a lottery. After two years, there was no discernible difference in the physical health of the winners and losers. More
Hidden Traps in the IRA Bill’s Drug Provisions
In the near future, the elderly and the disabled will face a double whammy: higher premiums for Part D drug insurance and higher prices at the pharmacy. This is on top of negotiated prices (and the consequent drop in new drug production) which will kick in later in the decade.
John Goodman and Linda Gorman explain why this will happen in The Hill.
Leftists in Colorado Seem Poised to Try Again for Single Payer Health Insurance
Last time around, the idea was rejected by almost 79% of the voters. And for good reasons. British Columbia’s single payer system is so mismanaged it pays for cancer patient radiation treatments in Bellingham, Washington. Its hip replacement wait can be almost a year… Because Canadian patients wait twice as long as recommended for MRI scans, those who can afford it pay cash for quick service at US imaging centers in border cities like Buffalo, NY and Bellevue, WA. More.
Our Gravest Peril
ObamaCare? Stagnant economy? Crushing debt? Foreign policy fecklessness may trump them all. Commentary by Pete du Pont January 21, 2014 Source: Wall Street Journal America's most worrisome problem may not be the failed takeover of our healthcare system. It may not be...
The Great Destroyer
ObamaCare wreaks havoc on health care, the economy, American freedom and Obama's presidency. Commentary by Pete du Pont November 25, 2013 Source:The Wall Street Journal Polls show an increasing majority of Americans dislike President Obama's healthcare law and...
Hillary Will Run
How could she not? Commentary by Pete du Pont October 29, 2013 Source: Wall Street Journal Hillary Clinton is going to run for president in 2016. Granted, she is exhibiting even more coyness than most presidential prospects, and yes, the media are filled with those...
The Beltway Stalemate
Democrats and Republicans have never had such a conflict of visions. Commentary by Pete du Pont September 26, 2013 Source: The Wall Street Journal The debate about military action in Syria seems over for now, and Washington is back in campaign mode. We have a...
Obama’s Foreign Failure
The world hasn't lived up to his Pollyannaish expectations. Commentary by Pete du Pont August 27, 2013 Source: The Wall Street Journal Barack Obama entered the White House with the promise of restoring our nation's standing in the world. Suffering from war fatigue and...
Second-Term Nightmare
ObamaCare's chickens come home to roost. Commentary by Pete du Pont July 27, 2013 Source: The Wall Street Journal Talk about being between a rock and a hard place. The Obama administration and its allies in Congress are faced with the challenge of trying to convince...
Obama’s Anti-Energy Agenda
He threatens to cut off the fuel the economy needs. Commentary by Pete du Pont July 01, 2013 Source: The Wall Street Journal Not surprisingly, President Obama and Speaker John Boehner have different views on energy policy, differences brought into stark contrast by...
Obama’s Scandalous Legacy
He has given Americans new reason to distrust the government. Commentary by Pete du Pont May 28, 2013 Source: The Wall Street Journal It's too early to tell if May will be remembered as marking the beginning of a failed second term for President Obama, but it is clear...
The Left’s “Wars”
The Left’s “Wars” Commentary by Pete du Pont March 28, 2014 Source: The Wall Street Journal The midterm elections are just over seven months away and the left has unleashed its usual rhetoric about the Republican "war on women." It's baseless political pandering of...
Global Warming Heats Up
The public could use an honest debate. Commentary by Pete du Pont February 27, 2014 Source: The Wall Street Journal Global warming is back. Not actual global warming, as the decadelong trend of little to no increase in temperatures continues. But the topic of global...
The Real Inequality Problem
It isn’t that some people are wealthy but that others are struggling. Commentary by Pete du Pont April 28, 2014 Source: The Wall Street Journal Among the too numerous frustrations of the political process is that a lot of smart and talented people spend their time and...
An Alternative to High Deductibles
Next year, the out-of-pocket exposure for someone who buys insurance on the (Obamacare) exchange will be $12,000. It will be $24,000 for a family. If they have chronic health problems, families can face those costs every year.
Congressman Pete Sessions and John Goodman offer a better alternative. Give people a deposit to a Health Savings Account if they agree to be responsible for all preventive care, all primary care, chronic care management, or some other area of care.
The model is Cash and Counseling, the Medicaid program for the home-bound disabled – a highly successful program that has been around for several decades. More
Trump’s Best Health Care Idea
Writing in the Wall Street Journal, John Goodman says the Trump Administration’s proposal to permit non-network health plans “promises to solve two problems: extreme differences in actual prices for the same service because of a lack of price competition, and narrow networks that are denying patients access to the best doctors and medical facilities.” More.
The Morality of Taxation
In contrast to a moral approach to taxation, some argue for an immoral, or at least amoral, approach. The most prominent among them is former New York Times columnist Paul Krugman. His approach to taxation of the rich is the same approach a petty thief would take to garden-variety robbery: grab whatever you can get. Krugman guesses that the revenue-maximizing tax rate for someone like LeBron James could be as high as 90 percent. Slaves on southern plantations were able to consume a 9-times-greater share of their output than Krugman would allow for James. More.
Why is There a Birth Dearth?
- The opportunity cost of motherhood
- The cost of successful child rearing
- The cost of childhood competition
- Government regulation of housing, education, day care, etc.
Medicare Advantage is Saving Taxpayers Money
Writing in the Wall Street Journal, John Goodman says the Editors got it right and the economists at AEI and Brookings (along with MedPAC) got it wrong. The Medicare Advantage program is saving the government money. More
Obamacare Impasse in Congress
One reason why the two parties can’t reach some sort of compromise is that neither party has been willing to tackle the three biggest problems that afflict the market the Affordable Care Act created. On the buyer side, we have been trying to force people to buy insurance they would never buy with their own money. On the seller side, we have been trying to force insurers to enroll people they do not want to enroll. And on both sides of the market, we have created perverse incentives that cause costs to be higher and quality lower than would otherwise have been the case. More
What Both Parties are Missing on Health Reform
As Congress revisits health reform, much of the debate overlooks the structural issues driving high premiums and limited choice. This virtual policy discussion brings together leading health policy experts to examine market-based reforms that could meaningfully lower costs and improve access—without expanding bureaucracy. View the virtual Health Policy Event hosted by the Goodman Institute and the Market Institute on Youtube.
Goodman on Health Policy
Why both parties missed an opportunity to reform Medicaid. Why they missed an opportunity to reform the Obamacare exchanges. Why partisanship is the biggest obstacle to sensible health reform.
Watch Dr. Goodman’s talk to the Public Affairs Luncheon Club in Dallas.
To Save Rural Health Care, Bring It Out of The Dark Ages
This op ed is based on a longer publication here on our web site. The federal government is offering the states $50 billion over the next five years, and it’s up to the states to propose ways of spending the money. John Goodman has a number of proposals, including use of drones, greater use of telemedicine along with free market pricing, direct primary care, and deregulation of the hospital sector, health insurance and medical practice law.
Rural Health Care
The federal government is offering the states $50 billion over the next five years, and its up to the states to propose ways of spending the money. John Goodman has a number of proposals, including use of drones, greater use of telemedicine along with free market pricing, direct primary care, and deregulation of the hospital sector, health insurance and medical practice law. Click to view the Publication.
How Market Innovation Is Reframing the Climate Debate
By all accounts, climate change alarmists are on the defensive—politically, scientifically, I would even say morally (see Bill Gates’s comment). We could leave it at that. But there may be hope for a truce in this conflict—and if so, capitalism can take the credit.