In the last post I wrote about the perversions of incentives that cause the problems in the health care system. Â Let me point out that it’s not that we are behaving irrationally. Â We are behaving completely rationally–given the situation we...
Okay, here’s another problem, since spend way too much time talking about the mandate… let’s talk basic economics. The whole initiative is predicated on a few arguments: Costs (prices) are too high. Insurance companies are “making too much money” Millions...