Archive for the ‘Health Care’ Category

Health Care Spending, Real and Otherwise

June 26th, 2014

Using imprecise language, I managed to confuse some folks in my discussion of that lame GDP report from the other day.  I wrote: As more people get insurance coverage and treatment, this will show up as more spending and higher GDP.  At the same time, cost controls, which have initially been found to be quite… Read more

More on CBO and the Limits of Economic Analysis

March 9th, 2014

Jeff Madrick–whose work I’ve always enjoyed and learned from—misinterprets a recent post of mine, perhaps because I wasn’t clear enough in my exposition. It’s worth revisiting because there are portentous issues embedded in this broader argument.  My piece argued while some recent work by the Congressional Budget Office is certainly worthy of critique (and I… Read more

Unpacking What CBO Actually Said re Work Incentives

February 14th, 2014

There’s been an outpouring of commentary on the dustup around the CBOs estimates of labor supply effects of the Affordable Care Act.  Summarizing, supporters, myself included, tend to emphasize the release of job lock as a positive function of the law, while opponents stress the work disincentives that result from the loss of premium subsidies… Read more

Health Care and Hiring in Booms and Busts

February 9th, 2014

Bin Appelbaum has an interesting piece on the impact of recent developments in the health care sector on the macro economy. It is widely agreed that the sector is bloated with inefficiencies, often characterized by extremely high costs for the same products and treatments that cost much less elsewhere in the world. Scolds, including myself,… Read more

Good for You, CVS!

February 6th, 2014

There’s as CVS drug store a few blocks from home that I often pop into for this or that.  Next time I do so, I’m going to feel particularly good about shopping there: CVS, one of the nation’s largest drugstore chains, said Wednesday that it will stop selling cigarettes at its 7,600 locations in an… Read more