Tag: Business

Employer-Based Health Insurance: “Job Lock” Is Not the Problem, “Insurance Lock” Is »

Over at The Incidental Economist, Austin Frakt is publishing an interesting series on “job lock”. This is the idea that, because most of us get our health benefits from our employers, we are “locked” into jobs we don’t like because they offer benefits which we do like (or need). We get our health benefits...
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A Snapshot of the Health Care Workforce »

How is the health care workforce changing under Obamacare? This month’s jobs report from the Bureau of Labor Statistics gives us a snapshot of employment in health care versus the rest of the economy. The table below shows the details. Despite the widely touted notion that Obamacare is putting hospitals out of business, hospital...
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President Obama’s Investment Skills »

After the Obama administration bailed out General Motors by purchasing a 60.8% ownership share in the company for $49.5 billion, President Obama said, “We expect taxpayers will get back all the money my administration has invested in GM.” (I do like the way the president takes responsibility for the investment.) Now, the president’s administration...
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Arctic Blast Heroes: Chick-fil-A to the Rescue »

Having spent 9 hours in the Atlanta airport yesterday, my husband David and I observed the human condition first-hand, as travelers and crews left idle in the airport by canceled and delayed flights politely aided one another and made the best of uncertain conditions. Fortunately for us, we were all relatively safe and warm,...
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Health Benefits Cost 40 Percent More for Government Workers than for Private Workers »

I recently criticized an advocacy piece by an employers’ group, a report that promoted harmful, government-driven, solutions to price transparency in health care. This blog post will argue that private employers are not entirely ineffective. The media never fails to give good coverage to the Kaiser Family Foundation’s Annual Employer Health Benefits Survey, which...
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President Obama on Inequality: Rhetoric vs. Reality »

President Obama has recently promoted inequality as a fundamental threat to our way of life, saying, “The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe.” You can read the rhetoric here. Let’s look at...
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Price Transparency: What To Do and What Not To Do »

I’ve written about sky-high hospital prices in this blog, especially for uninsured patients who present at emergency rooms. A related issue is price transparency. In most normal transactions, it is not hard to discover the price you will pay for a good or service. Indeed, for most ordinary items, prices are posted and we...
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U.S. War on Poverty Failed While Global Poverty Declined 80%: Economic Liberalization Begets Prosperity and Equality »

50 years after LBJ declared a “War on Poverty,” the U.S. would do well to take a page from the global playbook—whereby economic liberalization and more open trade has resulted in an 80% decline in abject poverty since 1976. The graphs below, taken from the National Bureau of Economic Research Working Paper, “Parametric Estimations...
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Extortion, Part II »

I recently discussed Peter Schweizer’s book, Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets. I want to mention one example from Schweizer’s book, to give a better idea of how this extortion occurs. The Foreign Corrupt Practices Act (FCPA), passed in 1977, prohibits US companies from bribing foreign government...
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Carpe Diem: Washington’s Foundations Are Showing Cracks »

After 12 years of seemingly inexorable blind faith in an ever more powerful and intrusive government, a spate of recent polls finally shows support crumbling for Washington’s hubristic overreach: The new Gallup poll: “Record High in U.S. Say Big Government Greatest Threat: Now 72% say it is greater threat than big business or big...
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