Harvard Med School Dean on Healthcare Debate

He echoes what most of us have been writing on this blog.  via gregmankiw.blogspot.com

…there is our inefficient and inequitable system of tax-advantaged, employer-based health insurance. While the federal tax code promotes overspending by making the majority unaware of the true cost of their insurance and care, the code is grossly unfair to the self-employed, small businesses, workers who stick with a bad job because they need the coverage, and workers who lose their jobs after getting sick.

This employer-based system arose not by thoughtful design but as an unforeseen result of price controls during World War II and subsequent tax policy. How this developed and persisted despite its unfairness and maladaptive consequences is a powerful illustration of the law of unintended consequences and the fact that government can take six decades or more to fix its obvious mistakes.

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This entry was posted on Monday, September 14th, 2009 at 1:14 pm and is filed under Healthcare. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

2 Responses to “Harvard Med School Dean on Healthcare Debate”

  1. Fernando Says:

    Did you pull this straight from Mankiw’s blog?

  2. Taylor Says:

    Yea, I probably should have given him credit for it. I really liked it.

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