Sunday, October 25, 2009

The cost of mandates in health care "reform"

Tyler Cowen: "How Insurance Mandates Could Leave Many Worse Off"

"The paradox is this: Reform advocates start with anecdotes about the underprivileged who are uninsured, then turn around and propose something that would hurt at least some members of that group...

....At this point, it seems more plausible that the cost of health insurance will keep rising, just as the costs of health care services have continued to climb. The upshot is that the burdens of mandatory purchase, the subsidy costs and the associated implicit marginal tax rates will all increase, eventually to the point of unsustainability.....

....As it stands, we’re on the verge of enacting a policy that is due to explode, penalizing many of the very people that it was ostensibly designed to help."
But let's not let little things like that stop us from making the incredibly stupid decision that Obama and his Idiocrats insist we must......

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