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Tag Archives: Health Care

Is health care discretionary?

Apparently so: The faltering doctors’ groups reflect part of a broader decline in health care alongside the nation’s economic downturn. As people put off medical appointments and everything from hip replacements to routine mammograms, health spending dropped an annualized rate of 18 percent in the first three months of the year, according to recent federal data. This is even more shocking than it seems.  The social distancing phenomenon did not even begin in America...

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The new spending bill is a disaster

Let’s start with the minor stuff: 1.   There’s lots of pork barrel spending for areas with influential senators, such as Kentucky and Alabama. 2. Congress agreed to waste an extra $1.4 billion on a border wall in exchange for an extra $27 billion in domestic spending. 3.  There’s lots more spending on wasteful military programs such as the F-35 fighter jet. 4.  More corporate welfare, including a seven-year extension of the Ex-Im Bank. 5.  The smoking age rises from...

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Facts about life expectancy (true and false)

But progressives also lack simple explanations: What explains the divergence? Public policy certainly plays some role, especially in recent years, as blue states expanded Medicaid and drastically reduced the number of uninsured, while most red states didn’t. The growing gap in educational levels has also surely played a role: Better-educated people tend to be healthier than the less educated. Beyond that, there has been a striking divergence in behavior and lifestyle that must be affecting...

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Why Libertarians Distrust Political Power

In mid-July, Hillbilly Elegy author J. D. Vance delivered a talk at the National Conservatism Conference in Washington entitled “Beyond Libertarianism.” The talk is interesting and important for a variety of reasons, not the least of which is that it was one of several talks at that coming out party for “nationalist conservatism” that saw in classical liberalism the source of the social problems they hoped their new vision of conservatism could address. Vance’s talk...

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Health care prices and quantities

A couple of years ago, Mark Perry did an excellent post about prices in the health care industry. He presented a table that suggests the price of plastic surgery has risen much less rapidly than other medical costs: I’m surprised by these results.  To see why, consider the two big distortions in health care: 1. The government imposes onerous regulations on health care, which one would expect to sharply boost prices. 2.  The government massively subsidizes health care,...

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Robert Pear RIP

Robert Pear, a reporter whose understated demeanor belied a tenacious pursuit of sources and scoops during his 40 years at The New York Times covering health care and other critical national issues, died on Tuesday in Rockville, Md. He was 69. This is from Sam Roberts, “Robert Pear, a Mainstay Times Reporter in Washington, Dies at 69,” New York Times, May 8, 2019. The only thing I like about the above paragraph is Roberts’s use of the word “died” rather than the...

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“$1MM Per Minute In Salaries, $22BN Per Year In Vacation Pay” And Other Fun Facts About The Federal Workforce

The folks at Open The Books decided to take a deep dive into the salaries of 1.97 million federal employees, using data collected from the Office Of Personnel Management and the USPS via FOIA requests, and the endless examples of excessive pay and pure waste are sure to make you sick, if not downright suicidal.  Here are just some of the key takeaways as summarized by OTB: 1. The federal government pays its disclosed workforce $1 million per...

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Meet The New Antibiotic-Resistant ‘Hypervirulent’ Superbug Discovered In China

Content originally published at iBankCoin.com To take your mind off nuclear war with North Korea and deadly hurricanes, let’s talk about other ways to cull the herd… Scientists at the Hong Kong Polytechnic University in Hangzhou, China have discovered a new strain of antibiotic-resistant pneumonia which spreads incredibly fast, after a 2016 outbreak in a hospital ICU led to the deaths of five patients ranging in age from 53 to 73. In findings published in The Lancet, researchers conclude...

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Health Costs Are Rising Because of Price Controls

Reprinted from International Liberty When discussing government involvement in the health sector, I usually focus on the budgetary implications. Which makes sense since I’m a fiscal wonk and programs such as Medicare, Medicaid, and Obamacare are diverting ever-larger amounts of money from the economy’s productive sector. I also look at the tax side of the fiscal equation and complain about how the healthcare exclusion mucks up the tax code. Though it’s important to understand that government...

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My Awesome and Cheap Medical Experience…in Lebanon

Reprinted from FEE.org Sometimes it takes a near-death experience to render the obvious observable. This happened to us on our annual summer trip to Lebanon, where a medical emergency sent us back to the future of medicine. Lebanon is a land of contrasts. Beirut struggles to keep the lights on 24 hours a day, get the garbage collected, and what passes for a highway system would give the most jaded New York cabbie a heart attack. But there is one thing the Lebanese haven’t screwed up that we...

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