Wednesday, November 11, 2009
Best question I read today
How can one insure against a volitional act? -- Sheldon Richman on the Stupak Amendment debate. Emphasis mine.
If the Republicans were more willing to push this, they could show that the catastrophic plans in their proposal are the only ones that do not violate the concept of insurance. The Pelosi plan is, instead, an entitlement program that provides the illusion of help for the middle class while engaging in a transfer from young to old.
UPDATE: Should have known Milton Friedman said about the same thing, notes Mark Perry.
If the Republicans were more willing to push this, they could show that the catastrophic plans in their proposal are the only ones that do not violate the concept of insurance. The Pelosi plan is, instead, an entitlement program that provides the illusion of help for the middle class while engaging in a transfer from young to old.
UPDATE: Should have known Milton Friedman said about the same thing, notes Mark Perry.
Labels: economics, health care
