If, as this Cato scholar claims, half the money that the US spends on health care is wasted, then perhaps it’s because we’re supporting the rest of the world in terms of health care research, or maybe something like that.
I see Paul Krugman has a blog, although I must say it isn’t a very good one.
What You See Is Not What You Get
While I didn’t even obtain a copy of Jon Chait’s book before reviewing it unfavorably in the TPMCafe Book Club discussion, I shall now hide behind Will Wilkinson in expressing that, like Will, I wish I could have spent more time on the book discussion. Alas, so busy lately with things, Will and me. That said, Will has posted another few sentences from his copy of Chait’s book, and I have an opinion on those too.
Feel That Earning Power
I’m a fan of the Earned Income Tax Credit, which is supposed to encourage work. Then again, the 28-year-old maverick economist Raj Chetty says it’s flawed because poor people don’t even know how much they’d be making without taxes, in a paper for which he received a $60,000 fellowship from the right-wing Hoover Institution.* I mean, not that I knew that. I mean, not that I read Chetty’s paper either. Anyway, food for thought.
Regarding this thing that Ezra said, the actuality is that, okay, it isn’t that uninsured people decide to go without medical care; it’s that insured people have all sorts of unnecessary procedures foisted on them. Take me for instance: Now that I’m insured and not paying for medical care out of pocket, doctors make me undergo tests for diseases I don’t even end up having. Does that make anyone healthier? I think just the opposite.
* Home of such luminaries as Thomas Sowell, Newt Gingrich, Victor Davis Hanson, and Edwin Meese III