There are two parts of the US economy that have spiraling out of control costs–the health and higher education systems. I propose that these systems experience runaway costs for the same fundamental reason, that they are “high demand markets”. High demand markets differ from other kinds of markets in an important way, and once we understand that health and education are markets of this variety, it becomes much easier to devise and understand the potential efficacy of policy solutions in both areas.
I have a right-wing argument for Obamacare (which makes sense, because the broad outline of Obamacare, née Romneycare, was originally conceived of by republicans in the early 90’s). I’d like to share it.
I’ve had a couple requests to do an examination of the Obamacare rollout. I haven’t commented to this point primarily because the returns are still early. There’s a lot of additional data that will come out in the coming months and a lot of unknowns–what will healthcare.gov look like a month from now, let alone by the end of March, the current sign-up deadline? Nevertheless, there are some useful things that can be said not merely about the rollout, but about the way in which the rollout is being covered in the popular press.