Category Archives: Political Commentary

The Myth Of Low Medicare Overhead

Veronique de Rugy has found a couple of interesting analyses. I particularly agree with this take by Alex Tabbarok:

I find the debate peculiar for a number of reasons:

1) Picking out one measure of health care “costs” to compare systems is sadly reminiscent of the arguments for socialism. Do you remember those arguments? Under socialism:

* “Think of how much money we will save on advertising!”
* “Socialism will lower costs by maximizing economies of scale!”
* “Money will be used for production not profits!”

Exactly these arguments are regularly trotted out in the debate over administrative costs in health care so color me unimpressed. To be clear, the point is not that these statements are false – the point is that these premises to the argument are all in some sense true it’s just the conclusion, socialism is more efficient than capitalism, which turned out to be false. We tried that and it didn’t work. In other words, you have to compare systems not arbitrarily pick out for comparison one type of costs.”

They never learn.

Out Of Touch

Does Steny Hoyer have any idea how comments like this come across to normal people?

“If every member pledged to not vote for it if they hadn’t read it in its entirety, I think we would have very few votes,” Hoyer told CNSNews.com at his regular weekly news conference.

Hoyer was responding to a question from CNSNews.com on whether he supported a pledge that asks members of the Congress to read the entire bill before voting on it and also make the full text of the bill available to the public for 72 hours before a vote.

In fact, Hoyer found the idea of the pledge humorous, laughing as he responded to the question. “I’m laughing because a) I don’t know how long this bill is going to be, but it’s going to be a very long bill,” he said.

So, therefore, it’s not reasonable to expect people to read it. Right.

I have an radical idea. How about shorter bills?

[Update a few minutes later]

I think that this would be an item for a new Republican Contract with America.

[Update mid afternoon]

Read the bill!