Some links:
- The Investor's Business Daily claims that health care legislation in the House makes private individual health care insurance illegal.
- Megan McArdle is skeptical about how much revenue a surtax on the wealthy will generate to pay for government-run health care. (Well, yeah, given that paying taxes is voluntary)
- Steve Chapman explains why claims that a "public option" is needed to promote competition are bogus.
- The Economist declares that the health care bill in the House "turns its back on common sense." (HT: Uncommon Cents)
3 comments:
Is this the way to go, abolishing "[t]he tax preference given to health insurance provided by employers (over, say, the coverage bought by the self-employed)?" It "is a market distortion that costs the exchequer some $250 billion a year."
I think that abolishing the tax preference is an absolute necessity to a real overhaul of the health care system. Like almost all tax breaks it is a distortion that promotes bad behavior -- in this case linking health care to employment.
More needs to be done that simply eliminating this tax break, but it's a good starting point.
I have been so busy the last few days that I forgot to stop by and post a comment. Thanks for the HT!
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