A great column here by Harvard economist Martin Feldstein, laying out for us why Obamacare's insistence on guaranteeing insurance to those even WITH pre-existing conditions provides a perverse incentive to drop healthcare altogether. A rational, healthy young person would be a fool to buy healthcare--pay cash for doctor's visits and if something catastrophic comes up, why, no insurance company will be able to turn you down. Fine them, you say? Fines in the current bills still provide our fine young cannibal with over $360 a month in extra walking-around money.
Hat Tip: Greg Mankiw
Showing posts with label Mankiw. Show all posts
Showing posts with label Mankiw. Show all posts
Monday, November 9, 2009
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