In his latest post, Paul writes, "the standard competitive market model just doesn’t work for health care: adverse selection and moral hazard are so central to the enterprise that nobody, nobody expects free-market principles to be enough.""off point", hmm. For my part, I accused Krugman of beating a strawman.
In my view, these comments are just off point. The Obama administration says it wants a public insurance plan that will compete on a level playing field with private plans (that is, without taxpayer subsidies). Is there any cogent economic analysis that suggests that such a policy addresses problems of adverse selection and moral hazard? None that I know. If it has to stand on its own financially, the public plan has no special advantage in addressing these issues.
How Susie Wiles Became the Most Feared and Reviled Political Operative Few
People Have Ever Heard Of
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She helped dismantle Ron DeSantis and salvaged Donald Trump’s campaign. Is
she a MAGA hero or an enemy of democracy?
1 hour ago
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