Tag: Business

Can You Hear Me Now? We Have Too Much Health Insurance »

Hearing aids have been expensive—until now. An interesting story in the New York Times a little over a year ago related the journey of a woman who had broken the shell of one of her hearing aids. Shocked at the price of hearing aids from private audiologists—at least $2,000 for a set, and usually...
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Just Say No to Jobs for the Young and Unskilled »

As pictured here, Governor Jerry Brown has signed new minimum wage legislation that ups the minimum productivity to be employed in California to $9 per hour starting next year, and $10 per hour in 2016. Supervisors will also have to increase their productivity if they want to stay employed. The San Francisco Chronicle offers...
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Schooling for Profit: Doing Good for Students while Creating Wealth for Staff »

Making money is anathema to members of the government schooling establishment (of course, begging for public subsidies then complaining it doesn’t have enough certainly isn’t). So what if a schooling outsider decided to design and sell schools on a grand scale? Well that’s exactly what entrepreneur Max Ventilla is doing. A founder of Aardvark...
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More on How Obamacare Is Affecting Jobs »

Just over the weekend, Paul Krugman was again claiming that Obamacare is not affecting the labor market in a blog post entitled Lies, Damned Lies, and Fox News. Yet Jed Graham notes that: [R]eport after report has rolled in about employers restricting work hours to fewer than 30 per week—the point where the mandate...
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All I Really Need to Know I Learned from Reading Higgs »

Further to Bob Higgs’s earlier post, Thinking Is Research, Too!, down in Texas, the Chairman of the Dallas Fed has the odd practice of looking beyond government stats and actually (gasp!) asking real people how they think the economy is going. From a profile of the President and CEO of the Dallas Fed, Richard...
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Which Is Better: Mini-Med Plans or Obamacare? »

McDonald’s. Home Depot. Disney. CVS Caremark. Staples. Blockbuster. These are just a few of the employers who have been offering mini-med plans to their employees. A typical plan limits the health insurance benefit to $2,000. But McDonald’s, for example, gives employees the option to pay a higher premium and get $3,000 or $4,000 of...
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ObamaCare Ruling Just Killed Portable Health Insurance »

Although it is rarely discussed by the national health media, a quiet revolution in how health insurance is purchased has been underway for several years now. Specifically, employers have been using Health Reimbursement Arrangements (HRAs) to allow their employees to purchase individually owned health insurance. A number of states, including Colorado, have expressly passed...
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What Large Employers Are Doing »

They’re sending their employees to private exchanges, armed with HSAs and HRAs: Employers are raising deductibles, giving workers health savings accounts that look like 401(k) plans, mimicking the health law’s online insurance marketplaces and nudging patients to compare prices and shop around for treatments. Together the moves could eventually affect far more consumers than...
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Taxing Internet Sales »

A consortium of states has been working since 2000 to design an agreement to levy sales tax on purchasers of goods bought via the Internet. The Supreme Court declared that it was unconstitutional for states to require sellers not in their states to remit sales taxes on their sales. The Streamlined Sales Tax (SST)...
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Will Obamacare Help or Hurt the Economy? »

Ask almost any employer and there won’t be much doubt: the Affordable Care Act is likely to raise the cost of labor, discourage hiring, and have a negative effect on the economy. Some economists are pushing back, however. In 2011, David Cutler of Harvard testified that the Affordable Care Act would reduce average health...
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