Tag: Single-Payer

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Jim Geraghty of National Review and Greg Corombos of Radio America discuss the American Medical Association rejecting call for single-payer healthcare system. They’re also disgusted as prolific “Jeopardy!” winner James Holzhauer faces a massive tax hit courtesy of the state of California. And Jim and Greg discuss how Democratic voters in Virginia are returning a […]

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Jim Geraghty of National Review and Greg Corombos of Radio America applaud the USA Today editorial writers for pointing out Medicare for All would rip more than 100 million Americans away from coverage they like and run up a cost that even government economists can’t figure out. They also slam Cory Booker for demanding a […]

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Jim Geraghty of National Review and Greg Corombos of Radio America are baffled by the lack of media coverage about a New Mexico compound where starving children were reportedly being trained to carry out school shootings, and they find, once again, that the FBI responded slowly to compelling tips. They also continue to find entertainment […]

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Jim Geraghty of National Review and Greg Corombos of Radio America welcome the political debate to come as more and more Democrats enthusiastically endorse full government control of our health care and point out Americans sour on the idea quickly when they learn even a little bit about what single-payer really means. They also kick […]

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Alexandra DeSanctis of National Review and Greg Corombos of Radio America are actually glad to see Sen. Kamala Harris and other national Democrats admitting they want single payer, government-run health care for everyone and they hope America is still ready to reject it. They also hammer radical activist Linda Sarsour for acting as if she’s […]

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The Single-Payer Siren

 
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The United States is facing another crisis in organizing its health care system. It is clear that the private exchanges concocted under the Obama administration are failing at a record rate for the simple reason that they violate all known sound principles of insurance. The planners who put these programs together unwisely thought that universal coverage would overcome the standard insurance problems of adverse selection and moral hazard.

But that didn’t happen. Under the Obamacare plans, the insurers are allowed to compete only on the cost of providing a fixed set of government packages of mandated services. They have no power to select their own customers, or to charge those customers rates sufficient to cover insurance expenses. People are allowed to game the system by signing up just before they need treatment, only to leave once the treatment is received. The young dump plans that require them to pay for the insurance of the old. The old sign up in droves. Systems with cross-subsidies are inherently unstable. Yet the insurers are unwisely limited in what they can spend on administrative expenses, which unhappily limits their ability to recruit new customers or to monitor the behavior of their existing ones.

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Fourmicare: Reforming the US Health Care System

 

This post is adapted from a comment I posted yesterday on a Member Feed discussion about Larry Elder’s column about charity vs. government entitlements. I have been thinking about solutions to the US health care mess along these lines for some time, so here I’m going to lay it out so everybody can launch projectiles at this fixed target.

Essentially none of this is original; it is a synthesis of proposals from others, drawing in particular upon the heretical (to most conservatives and libertarians) insights of John Derbyshire.

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Beware the Wounded Animal

 

US-POLITICS-HEALTHObamacare is failing. Here’s the latest from The Wall Street Journal (behind pay wall):

The majority of ObamaCare’s insurance co-ops—12 of 23—have now folded, and their $1.24 billion in federal loans has all but vaporized. More will fail, nearly a million Americans may lose coverage, and now the contagion from their failures is spreading.

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The Ex-Canary

 

shutterstock_232955461On Forbes, Ricochet’s own Avik Roy has a good summary of the implosion of single-payer healthcare in Vermont. I’ve been writing about it on my blog, but Avik’s is probably the best summary of why Green Mountain Care’s demise was inevitable. He writes:

What’s remarkable, then, about Shumlin’s attempt at single-payer health care is not that it failed. What’s remarkable is that he wasted the state’s time and resources on something that attempted to refute the laws of arithmetic. That’s four years Shumlin wasn’t spending on making the Vermont economy better for the people who live there. Small wonder that his reelection margin was razor-thin.

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