Just in case your Thanksgiving doesn’t usually include discussion of annoying subjects: According to calculations by Drew Gonshorowski, in all but five states Americans will pay more for health insurance premiums in the ObamaCare exchanges than they had paid in the individual health insurance market. And in 34 states, the increases experienced by those who are age 27 are greater than the increases experienced by those who are age 50. [“How Will You Fare in the Obamacare Exchanges,” by Drew Gonshorowski, The Heritage Foundation, October 16]
Here’s the ObamaCare conversation starter we really need: ObamaCare’s stumbles aren’t just a failure of government experts to design a program that makes sense and works. They are, as Peter Boetke points out, part of a pattern of government failure that arises whenever we rely on government experts to plan things that no set of government experts can plan because they cannot gather in one place all the knowledge they would need to improve on market (or in the case of health care, hybrid market-government) outcomes. What better time to start this conversation than now? [Coordination Problem, October 31]
ObamaCare will kill jobs. President Obama and some Members of Congress want to raise the federal hourly minimum wage to $10.10 per worker. But as James Sherk and Patrick Tyrrell note, ObamaCare has already raised the effective minimum wage. Sherk and Tyrell calculate that if the hourly minimum wage were raised to $10.10, employers would actually face costs of $13.27 per hour per full-time employee if they provide health insurance coverage. Those that choose to pay the penalty would still face hourly per-employee costs of $12.71. [The Heritage Foundation, November 22]
The world needs more free market competition, not less. Pope Francis is no fan of free markets, we learn this week from his Evangelii Gaudium. What’s actually going on is pretty much the opposite of what the Pope thinks. [Economist, June 1; h/t: Matt Welch at Reason, November 26] Consider this graph from The Heritage Foundation/Wall Street Journal Index of Economic Freedom:
The Heritage Foundation214 Massachusetts Avenue, NEHere’s the ObamaCare conversation starter we really need: ObamaCare’s stumbles aren’t just a failure of government experts to design a program that makes sense and works. They are, as Peter Boetke points out, part of a pattern of government failure that arises whenever we rely on government experts to plan things that no set of government experts can plan because they cannot gather in one place all the knowledge they would need to improve on market (or in the case of health care, hybrid market-government) outcomes. What better time to start this conversation than now? [Coordination Problem, October 31]
ObamaCare will kill jobs. President Obama and some Members of Congress want to raise the federal hourly minimum wage to $10.10 per worker. But as James Sherk and Patrick Tyrrell note, ObamaCare has already raised the effective minimum wage. Sherk and Tyrell calculate that if the hourly minimum wage were raised to $10.10, employers would actually face costs of $13.27 per hour per full-time employee if they provide health insurance coverage. Those that choose to pay the penalty would still face hourly per-employee costs of $12.71. [The Heritage Foundation, November 22]
The world needs more free market competition, not less. Pope Francis is no fan of free markets, we learn this week from his Evangelii Gaudium. What’s actually going on is pretty much the opposite of what the Pope thinks. [Economist, June 1; h/t: Matt Welch at Reason, November 26] Consider this graph from The Heritage Foundation/Wall Street Journal Index of Economic Freedom:
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