Redistribution

An interesting take on the health care bill from Uwe Reinhardt. (HT: Catherine Rampell)

I think he has the essential impact right–it’s a redistribution from rich to poor. There are worse things to do. But it’s unlikely there’s a worse and less transparent way to get it done. Why not just have a subsidy for health care insurance? Naw. Let’s have 2000 pages of legislation that even Paul Krugman says will take years or decades to fix.

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