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Category: Cost of Healthcare

Gas Tax Rebate

Posted on June 21, 2022 by John C. Goodman

Biden is thinking about it. Arnold Kling explains why it is a bad idea:

The basic economic analysis is straightforward. The price of gas has to be high enough to balance supply and demand. A rebate amounts to a subsidy for demand. Raising demand will force the price to go higher. Because supply is relatively inelastic, it will turn out that, relative to the price that would have prevailed without the rebate, the price will be driven up by close to the amount of the rebate. The main beneficiaries of a subsidy for gasoline demand will be producers.

And a gas tax holiday will work the same way. It will reward producers. Any consumer benefit will tend to be illusory.

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HSA-Bashing Study Slammed

Posted on June 18, 2022 by John C. Goodman

32 million people have a Health Savings Account with more than $100 billion in balances. And they love them. They would love them even more if we could dispense with the across-the-board, high deductible requirement and let the account be perfectly flexible with respect to their health insurance.

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Senators Sanders and Paul Try to Sneak in Drug Reimportation Amendment

Posted on June 17, 2022 by Devon Herrick

Drug reimportation is an attractive idea until you think it though. Importing drugs from abroad would seem to make sense in a global economy. Proponents point to the fact that the United States pays the highest price for drugs of any developed country. U.S. prices are far more than developing countries pay. Opponents correctly point out what you’re importing is other countries’ price controls.

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Medical Debt: Yet Another Way Obamacare Harms the Sick

Posted on June 16, 2022 by Devon Herrick

According to a Kaiser Health News / NPR investigation, 100 million Americans are saddled with medical debt. This includes 41% of adults. KHN reports that more than half of adults have gone into debt to pay for medical bills within the past five years. One quarter of those with medical debt owe more than $5,000, while 20% never expect to pay it off. Going into debt to pay medical bills is no worse than indebtedness for a car, house, a boat or designer clothes. However, much of this debt is despite having health coverage of some type.

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For many years, our health care blog was the only free enterprise health policy blog on the internet. Then, when the NCPA closed its doors, the health blog stopped as well.

During this five-year hiatus no one else has come forward to claim the space. So, my colleagues and I have decided to restart the blog in connection with the Goodman Institute. We invite you and others to use this forum to share your views.

John C. Goodman,

Visit www.goodmaninstitute.org

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