Sunday, October 25, 2015

Mankiw and Summers: Keep the Cadillac Tax

Greg Mankiw and Larry. Summers, both economics professors at Harvard and first class apologists for government interventions, have written a joint essay at NYT calling for the continuation of the Obamacare Cadillac tax:
One of us, a former member of the Obama administration, remains a fan of the president. The other, not so much. But we agree on one thing: The excise tax on high-cost health care plans, the so-called Cadillac tax, is good policy. Congress should side with President Obama and resist calls to scrap it...

One of us worked for President Obama when the Affordable Care Act was passed. One of us worked for President George W. Bush and supported John McCain and Mitt Romney in their attempts to defeat Mr. Obama. We disagree on many things, but we agree that health policy is too important to treat as if it were nothing more than another political battlefield.

Some policies deserve bipartisan support. The Cadillac tax is one of them.
Of course, there is no discussion at all about the evils of centrally planned health insurance. The discussion assumes centrally planned health insurance and just attempts to micro-manage and support some of the interventions of the designed central planning.

This is the kind of education going on at Harvard. Free market options aren't even discussed.


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