Monday, October 22, 2018

Links 2018/10/22

The flu killed 80,000 Americans last year. Can you imagine the drastic measures people would demand if, say, terrorism killed that many people? Get a flu shot! Link.

"Preference for realistic art predicts support for Brexit". Link. The correlation holds for myself; I don't get Brexit and I don't get why someone would prefer realistic art. If you want to capture literal reality, just take a picture. Art should be at least somewhat abstract/surreal!

"Virtually all poverty reduction comes from economic growth and migration". Link.

The (weak) individual mandate of the ACA was supposed to be an essential cost control to counteract guaranteed coverage of pre-existing conditions in the individual health insurance market. The GOP repealed that this year, and then recently New Jersey passed a law reinstating it in their state, providing a good natural experiment to see what effect it has on costs. And the data is in from the New Jersey Department of Banking and Insurance. They claim that insurers initially had planned to hike costs by an average of 12.6%, and after reworking the numbers due to the state bringing the mandate back, the average rate hike dropped to 5.8%. IMO it should be common sense that we can improve health insurance by: 1. reinstating a stronger mandate, 2. phasing out the tax deductions for employer-provided insurance, and 3. move that money into subsidies for the individual market.

A couple of years ago, a GOP congressional candidate assaulted a reporter during the election. He even plead guilty. He still won the election. Now at a rally, the "law-and-order president" is praising him for that assault. Link.

Perhaps you should not read economics editorials in The Wall Street Journal. "(Max Boot) got a meeting with Robert Bartley, editor of The Wall Street Journal editorial page... To Boot's surprise, Bartley offered him a job as economics editorialist. The prospect 'horrified' him... because he 'had never taken a class in the subject and had no interest in it.' Boot later learned that Bartley sought out conservatives unfamiliar with economics for such jobs. 'He did not want to hire an economist because most professional economists disdained supply-side economics'". Link.

No comments:

Post a Comment