There is one thing that unites left wing political parties all over the world, regardless of their other differences. It is the conviction that incentives dont matter. I suspect that a hefty majority of the delegates to the Democratic National Convention sincerely believe that if a price is judged to be too high, government can push it down and nothing bad will happen (e.g., shortages). If a price is judged too low, government can push it up and nothing bad will happen (e.g., surpluses).
|John C. Goodman is a Senior Fellow at the Independent Institute, President of the Goodman Institute for Public Policy Research, and author of the widely acclaimed Independent books, A Better Choice: Healthcare Solutions for America, and the award-winning, Priceless: Curing the Healthcare Crisis. The Wall Street Journal and the National Journal, among other media, have called him the Father of Health Savings Accounts.|
Obamacare remains highly controversial and faces ongoing legal and political challenges. Polls show that by a large margin Americans remain opposed to the healthcare law and seek to repeal and replace it. However, the question is: Replace it with what?