Consumer Power Report #439
One of the underestimated aspects of Obamacare’s impact on the economy is the effect it’s had in driving inequality. Health care costs in particular have contributed to rising economic inequality in recent years, as Mark Warshawsky of the Mercatus Center and Andrew Biggs of the American Enterprise Institute detail in this piece at The Wall Street Journal: “[T]he more we spend on health care the more unequal Americans’ incomes become.”
Most employers pay workers a...
Consumer Power Report #438
An underlying issue that has received little attention in the Right’s objections to the Affordable Care Act is its effect of driving further consolidation and hospital mergers.
By eliminating patient choices, hospital mergers often establish local monopolies, weaken accountability for low-quality care, and drive up the prices patients, insurers, and taxpayers are forced to pay for medical services.
The Wall Street Journal recently published a piece by Kenneth Davis,...
Consumer Power Report #437
Obamacare’s passage through the House of Representatives was possible thanks to a supposed compromise among conservative Democrats who opposed taxpayer funding for abortion. The compromise included an executive order from President Barack Obama purportedly preventing such funding.
Opponents of the law decried this approach as a fig leaf that would not actually prevent taxpayer funding of abortions. According to a new GAO report, they were right to be skeptical: