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
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
During a hearing today on the latest CBO report, Rep. Paul Ryan declared the health care law to be “a poverty trap.” He’s way off base. In fact, he’s got it backwards. Rep. Ryan was riffing off of the estimates in the new CBO study predicting that some people—the equivalent of 2.5 million full-timers by… Read more
Over at the NYT Economix blog. I also gotta give it up to Jon Chait who employs the parallel universe technique to make some excellent points about this latest dust up.
I’m working my way through the new CBO budget update and here’s my main takeaway so far: The absence of full employment and the persistence of large output gaps is projected to take a toll on our fiscal health. If we want to improve that health, we need to grow faster. The Affordable Care Act… Read more