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.
