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There is much debate about whether a health care reform bill should include a government-run health insurance plan, a so-called “public option.”  Advocates argue that such a plan can compete fairly with private health insurance, and that this competition would “keep insurers honest.”  They also argue that more choices are a good thing. I fall [...]

The Senate HELP Committee staff has filed an official copy of their draft legislation with the Senate clerk.  A friend and I were discussing today two possible tactical scenarios: The weekend leak forced the majority staff to release their official text as damage control.  Under this scenario, filing the official copy is a damage mitigation [...]

This page contains the most recent version of my list of “things you should know about the Kennedy-Dodd health care bill,” interspersed with parallel observations about the leaked outline of the House Democrats’ health care bill. I will post each time I update this page, so you can track it incrementally.  If you bookmark this [...]

In an earlier post I attempted to correct Dr. Austan Goolsbee’s incorrect and inflammatory statements about President Bush.  I would like here to add my views to one additional question on the auto industry discussion on this morning’s edition of Fox News Sunday. Host Chris Wallace moderated a discussion this morning with: Dr. Austan Goolsbee, [...]

This morning on Fox News Sunday, host Chris Wallace moderated a discussion about the auto industry.  One of his guests was Dr. Austan Goolsbee, who is a Member of President Obama’s Council of Economic Advisers and chief economist on the President’s Economic Recovery Advisory Board. I want to focus on some incorrect and inflammatory statements [...]

Many of you are new to this blog since I wrote extensively about autos six weeks ago.  As background, I coordinated the auto loan process for President Bush last fall as the Director of the White House National Economic Council (the position now held by Dr. Lawrence Summers).  I wrote a series of posts on [...]

THE WHITE HOUSE Office of the Press Secretary _______________________________________________________________________________________ FOR IMMEDIATE RELEASE June 1, 2009 BACKGROUND BRIEFING BY SENIOR ADMINISTRATION OFFICIALS ON THE GENERAL MOTORS RESTRUCTURING May 31, 2009 Via Conference Call 7:10 P.M. EDT MS. PSAKI:  Thank you, everyone, for joining the call.  Just a reminder that the call this evening is on background, [...]

I wrote last Friday about the China/India hole in the American climate strategy: America appears to lack a high-probability strategy for how to get China, India, and Russia to agree to self-impose a significant positive carbon price. The Administration and its Congressional allies are trying to impose a significant carbon price in the U.S. through [...]

It looks like my post from yesterday agrees with CBO’s December paper.  Maybe I should have read it earlier. Yesterday I wrote, Information must be combined with the incentive to purchase high-value medical care – a decision that involves both the medical benefit of the treatment and the financial cost. … The Administration’s proposals on [...]

When I was growing up, I was taught that you change the oil in your car every 3,000 miles. Suppose I take my three-year old car to Jiffy Lube for an oil change. Jiffy Lube has all the latest information technology, as well as good data on both manufacturers’ recommendations and best practices. After entering [...]