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November 22, 2014

Latest Posts from Economist's View

Latest Posts from Economist's View

Links for 11-22-14

Posted: 22 Nov 2014 12:06 AM PST

Women in Economics

Posted: 21 Nov 2014 01:46 PM PST

Noah Smith:

... Why is it that the sciences look like a feminist nirvana compared with the economics profession, which seems to have a built-in bias that prevents women from advancing? ...

More here.

'People Who Wanted Market-Driven Health Care Now Have It'

Posted: 21 Nov 2014 10:51 AM PST

Alice Rivlin:

People Who Wanted Market-Driven Health Care Now Have it in the Affordable Care Act, by Alice M. Rivlin, Brookings: ... The United States ... relied primarily on employer-based health insurance, generously favored by tax laws. ... But there was a huge hole: Millions of people were left out of employer-based coverage and were not old enough or poor enough to qualify for the public programs. For 50 years, we have been arguing over how to fill that hole. ...
In general, Republicans argued that relying on market forces would give people what they wanted while also putting pressure on the health system to offer more effective care for less money. ...
In general, Democrats ... pointed out that markets didn't work well in health care because consumers didn't know enough to choose what was best for them, putting them at the mercy of providers and insurers. They pointed out that competition in health insurance drove insurers to compete for healthy patients, dumping people who got sick or cost too much and refusing coverage to those with preexisting conditions.
The compromise was to combine markets with regulation, sometimes called "managed competition," now called "the Affordable Care Act." ... The proponents of the Affordable Care Act don't claim the law is perfect. The act's markets are in their infancy. ... The rules will have to be adjusted as experience accumulates.
But millions of people do have health coverage who didn't have it two years ago. The markets are working pretty well... Should believers in market forces try to gut the Affordable Care Act? Heavens, no. They should seize this huge opportunity to prove their case by helping to make the law's markets work effectively.

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