Thursday, September 21, 2017

Cassidy Graham

The Cassidy-Graham healthcare bill would give some of the money that is spent on the PPACA to the states. 

The bill seems bad on the details (to be expected from congress even PPACA was bad on details) but since the big problem with healthcare in the USA is cost, driven BTW by growing bureaucracy part of which is due to state regulation, I think would be a good idea to give all the money that the Federal Government normally spends on healthcare to the states. how much money each state got would based on age adjusted population. The states would be required to at least cover the old (Medicare), the poor (Medicaid) and Federal Government employees.

Cost looks to me like a state problem because health care spending per capta in Utah is lower than in stingy Canada and only slight higher in Arizona which has an old population.  States like Utah and Arizona and maybe even Texas might be able to cover everyone with what they get from the Feds. High spending states woudl have an incentive to regulate with more attention toward costs.

Alternatively the Fed Gov. could take over all health care regulations from the states. As it is now the fed Gov subsidizes demand and the states restrict supply which is what you would expect considering he incentives.

Friday, September 15, 2017

Angus Deaton Deaths of Despair

New Hampshire was the highest earning state in 2016 and number 2 in opioid OD deaths.

Dear Angus Deaton with all due respect you might consider reassessing your deaths of despair theory. It never made much sense to me, there is in fact some evidence that people drink and drug more when they have more income and therefore access to booze and drugs, which is BTW a problem for my advocacy of legalization but I thin the positives would out weigh the negatives.

Related: Health Insurance Might not be Good for Everyone

Added 2018-01-08  see here
In the preferred estimates, changes in economic conditions account for less than one-tenth of the rise in drug and opioid-involved mortality rates. The contribution of economic factors is even less when accounting for plausible selection on unobservables, with even a small amount of remaining confounding factors being sufficient to entirely eliminate the relationship.