Category Archive: health care

Oct
11

Rationing and Rationality

Scarcity exists.  That is not a normative statement.  It is a positive fact.  At any given point in time people’s wants and desires exceed their ability to have those wants and desires fulfilled.  Even if all individuals achieved a momentary state of perfect contentment, they would still become hungry by dinner.  Scarcity has always existed, …

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Permanent link to this article: http://wkubbtcenter.com/2012/10/11/rationing-and-rationality/

May
16

The Certainty of Bad Policy Makers

Do you know what your tax rates are going to be next year?  Will the Bush tax cuts expire as planned?  How will that affect you?  Will the payroll tax “holiday” be extended?  Will the debt ceiling be raised?  Will it be another temporary last minute deal that involves no real spending cuts but makes …

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Permanent link to this article: http://wkubbtcenter.com/2012/05/16/the-certainty-of-bad-policy-makers/

Apr
06

Government Health Careless

When I packed for an academic conference last week, I neglected to pack my cholesterol medicine.  While the health benefits of statins can be debated, patients on statins are not supposed to abruptly stop taking them or miss taking them for multiple days.  In a world devoid of government intervention in health care, my doctor …

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Permanent link to this article: http://wkubbtcenter.com/2012/04/06/government-health-careless/

Dec
12

Effective Middle Class Warfare

Here’s hoping that President Obama isn’t in Kansas anymore.  Last week when he was in Kansas, he decried income inequality and the decline of the middle class.  Fortunately inequality has decreased under his presidency.  If only making rich people worse off helped everyone else, the economy would be booming – which, of course, it isn’t. …

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Permanent link to this article: http://wkubbtcenter.com/2011/12/12/effective-middle-class-warfare/

Feb
17

There’s more than Cheese in Wisconsin

On Saturday mornings when I was a kid, ABC routinely ran public service announcements. One that I still remember featured a character that encouraged cheese consumption. Amongst other things, he said, “When my get up and go has got up and went, I hanker for a hunk of cheese”. Wisconsin, the unofficial “cheese state”, caused …

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Permanent link to this article: http://wkubbtcenter.com/2011/02/17/there%e2%80%99s-more-than-cheese-in-wisconsin/

Mar
30

Health Care Reform: In the Long Run we are all Dead

The costs of the current health care reform bill are starting to trickle in. The full costs won’t be known for decades. Immediate costs can be seen in the likes of AT&T taking a $1 billion hit to their expenses due to changing Medicare rules. Overall, companies big and small will be paying more for …

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Permanent link to this article: http://wkubbtcenter.com/2010/03/30/health-care-reform-in-the-long-run-we-are-all-dead/

Mar
23

The Price of the New Health Care Entitlement; or, Peter, Paul, and Pickled Peppers

A new health care entitlement was signed into law today. Entitlements already make up roughly 2/3 of the US federal budget already, so entitlements are nothing new. Let’s review what we know about entitlement programs. Entitlement programs are expensive, always cost exponentially more than their original estimates, and are politically difficult to cut. Social Security …

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Permanent link to this article: http://wkubbtcenter.com/2010/03/23/the-price-of-the-new-health-care-entitlement-or-peter-paul-and-pickled-peppers/

Feb
23

Even Invisible Hands Can Hurt You if they Slap You in the Face

When politicians are allowed to set prices, almost everything is cheap/ free, and shelves are empty for lack of supply. What politician doesn’t want to promise that he/she can lower prices that people have to pay for products? It’s a sure-fire vote winner. I deserve more stuff and could buy that stuff if only it …

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Permanent link to this article: http://wkubbtcenter.com/2010/02/23/even-invisible-hands-can-hurt-you-if-they-slap-you-in-the-face/