On today’s episode of American Wonk, Avik Roy talks to Congressman Jim Banks of Indiana, Chairman of the Republican Study Committee and author of a pathbreaking health care reform bill called the Hospital Competition Act. Should the GOP shed its big business reputation to help kitchen table voters?

More on the Hospital Competition Act here.

After 11 Years of Obamacare, Republicans Need to Become Party of Health Care, Rep. Jim Banks, The Daily Signal

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Published in: Domestic Policy, Healthcare

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  1. ericB Lincoln
    ericB
    @ericB

    There is a path to being pro-worker that is also sound economically, is in the best interest of the general welfare of the country, and does not involve foolishly trying to pick industrial winners and losers.

    The focus of pro-worker policies should be toward enhancing economic mobility and increasing the actual value* of American workers.

    (*Democrats routinely make the mistake of reaching for minimum wage laws that increase the cost of labor without increasing its value, which is always a bad policy.  When something has increased cost but no increased value, demand for it becomes depressed, not enhanced.)

    For example, we should prefer policies that make it easier for workers to relocate to a place where a person’s labor would be more valued (because better match with skills, or higher demand for jobs).  Consider what anchors discourage relocation.  Healthcare considerations are one factor.  How can it become easy to move without jeopardizing health coverage?  What else would make it hard to move?

    Another example would be policies that create incentives for companies to hire (or promote) those who are less skilled and then train them to be more skilled and therefore more valuable.  Some incentives might be tied to the increase in the worker’s pay as a measure of the company’s acknowledgement that the worker has increased value.

    The more that we eliminate sources of economic friction and enable the workforce to quickly adjust to new jobs and opportunities with easier relocation and relevant training as needed, the more dynamically adaptive our economy will become.  That is a win-win-win for workers, companies, and the economy as a whole.

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