Hard Truths about Health Care ‌ by Michael Tanner

Micheal Tanner

Michael Tanner

“Every health-care system in the world rations care in some way, either through bureaucratic fiat (Scandinavia, the U.K.), waiting lists (Canada), or price (that’s us). One can argue about which of these rationing mechanisms is fairest or most efficient, but let’s not pretend that it won’t occur.”

http://www.nationalreview.com/article/446439/health-care-basic-facts-and-hard-truths

Repeal and Replace? No thanks. | Surgery Center of Oklahoma

Dr. Keith Smith

I’m all about repeal.  But let’s not stop with Obamacare.  Let’s move on to many disastrous legislative interventions brought to us from the other side of the aisle.  How about Medicare Part D, brought to us by a GOP-led executive?  Why didn’t the GOP change the tax code to end the discrimination against individual purchases of health insurance during the time they had all the power?  Hint:  see paragraph one of this blog.  This tax reform isn’t likely as the shift away from employer-purchased plans will gut the scam of PPO repricing, a devastating blow to the big insurance companies.

Source: Repeal and Replace? No thanks. | Surgery Center of Oklahoma

Are Minimum Wages and Payroll Taxes a Constraint to the Creation of Formal Jobs in Morocco? by Diego F. Angel-Urdinola, Abdoul Gadiry Barry, Jamal Guennouni :: SSRN

“The results indicate that these regulations, especially minimum wage policy, contribute to higher unemployment rates and constraint formalization in Morocco, especially for youth and women.”

For anyone who still thinks minimum wage laws help people get ahead or climb the economic ladder… first you must actually be able to reach the first rung on the ladder!

Source: Are Minimum Wages and Payroll Taxes a Constraint to the Creation of Formal Jobs in Morocco? by Diego F. Angel-Urdinola, Abdoul Gadiry Barry, Jamal Guennouni :: SSRN

Venezuela and Santa Claus vs Thomas Sowell and the Little Red Hen | International Liberty

In the short run, though, the Venezuelan government gets to play Santa Claus. At least for 2016.

But it won’t have that option in 2017. And because the nation’s kleptocratic government is running out of victims, it’s just a matter of time before the system collapses, at which point the government either gives up power or launches a brutal crackdown.

Hopefully the former.

Though it would remain to be seen whether the leftist thugs who currently hold power are able to escape the country with all the loot they’ve stolen, or whether they get the Ceausescu treatment.

They deserve the latter.

Earlier this year, I borrowed from Dante’s Inferno and created the Five Circles of Statist Hell. At the time, I suggested that Venezuela was on the cusp of moving from the third circle (̶…

Source: Venezuela and Santa Claus vs Thomas Sowell and the Little Red Hen | International Liberty

An Attempted Hillary Email Coverup? | The Weekly Standard

A senior State Department official repeatedly pressed the FBI to change the classification of emails stored on Hillary Clinton’s private server, according to FBI interview summaries set to be released in the coming days. Patrick Kennedy, the undersecretary of state for management, discussed providing additional overseas slots for the FBI in exchange for revisions to classifications of the sensitive emails. The 34 summaries, known as FBI 302s, will be released in connection with a Freedom of Information Act request and after pressure from the House Committee on Oversight and Government Reform. Two additional 302s are being withheld because they contain information classified at the Top Secret/SAP level. The summaries, described to THE WEEKLY STANDARD by five intelligence and congressional officials familiar with their contents, are sure to bolster Donald Trump’s criticism of corruption at Clinton’s State Department, the FBI and Washington, D.C., with just more than three weeks until the 2016 presidential election.

Source: An Attempted Hillary Email Coverup? | The Weekly Standard

The U.K.’s Government-Run Healthcare System Is Working Wonderfully…for Bureaucrats | International Liberty

Hundreds of NHS managers have amassed million-pound pension pots while presiding over the worst financial crisis in the history of the health service… As patients face crippling delays for treatment, A&E closures and overcrowded wards, bureaucrats have quietly been building up huge taxpayer-funded pensions. They will be handed tax-free six-figure lump sums on retirement, and annual payouts from the age of 60 of at least £55,000 – guaranteed for life.

Nearly 300 directors on NHS trust boards have accrued pension pots valued at £1million or more; At least 36 are sitting on pots in excess of £1.5million – with three topping a staggering £2 million; The NHS pays a staggering 14.3 per cent on top of employees’ salary towards their pension – almost five times the average of 3 per cent paid in the private sector…

Back in 2013, I got very upset when I learned that senior bureaucrats at the IRS awarded themselves big bonuses, notwithstanding the fact that the agency was deeply tarnished by scandal because of …

Source: The U.K.’s Government-Run Healthcare System Is Working Wonderfully…for Bureaucrats | International Liberty

Academic Research Shows Minorities Get Hurt When Government Tries to Help | International Liberty

Two economists, one from the University of Virginia and the other from the University of Oregon, conducted a study of “ban the box” laws that restrict employers from figuring out whether job applicants have criminal records.

So it sounds very compassionate to impose these laws, right? Who could object to helping ex-cons get in the door for interviews, at which point they can hopefully show potential employers that they have value.

Well, the study shows that these laws hurt more than they help. Here are some passages from the abstract.

We find that BTB policies decrease the probability of being employed by 3.4 percentage points (5.1%) for young, low-skilled black men, and by 2.3 percentage points (2.9%) for young, low-skilled Hispanic men. These findings support the hypothesis that when an applicant’s criminal history is unavailable, employers statistically discriminate against demographic groups that are likely to have a criminal record.

Source: Academic Research Shows Minorities Get Hurt When Government Tries to Help | International Liberty

More Evidence that Balanced Budget Rules Don’t Work as Well as Spending Caps | International Liberty

danmitchel

Dan Mitchell

…consider the fact that balanced budget requirements haven’t prevented states like California, Illinois, Connecticut, and New York from adopting bad policy. Or look at France, Italy, Greece, and other EU nations that are fiscal basket cases even though there are “Maastricht rules” that basically are akin to balanced budget requirements…

This is why it’s far better to have spending caps so that government grows slower than the private sector.Which is why we’ve seen very good results in jurisdictions such as Switzerland and Hong Kong that have such policies.… show more

If you asked a bunch of Republican politicians for their favorite fiscal policy goals, a balanced budget amendment almost certainly would be high on their list. This is very unfortunate. Not becaus…

Source: More Evidence that Balanced Budget Rules Don’t Work as Well as Spending Caps | International Liberty