Thursday, June 30, 2011

The Medical Marketplace, Free and Unfree - Andrew Foy, MD - Mises Daily

The Medical Marketplace, Free and Unfree - Andrew Foy, MD - Mises Daily: "The results showed that while spending increased as benefit coverage increased, health status and health outcomes did not improve. There was very little evidence to demonstrate that having a high level of benefit coverage improved population health on average.[3] The RAND Health Insurance Experiment debunks the idea that patients are not capable of being prudent consumers of medical goods and services."

Debt-Limit Deal: Will the Cuts Be Phony? | Chris Edwards | Cato Institute: Commentary

Debt-Limit Deal: Will the Cuts Be Phony? | Chris Edwards | Cato Institute: Commentary: "Looking at Congressional Budget Office projections, it is fairly easy to come up with $2 trillion in 'savings' without actually cutting anything."

"To construct the baseline, the CBO takes current spending and increases it over time by inflation. But nobody expects war spending to continue rising like that. Rather, spending is supposed to fall in coming years as troops are withdrawn."

"A deal that simply counts projected future savings against inflated discretionary baselines would be a fiscal fraud."