Relevant and even prescient commentary on news, politics and the economy.

Where the ACA Should Go Next?

run75441: This is the first in a series of 3 posts written by Maggie Mahar discussing Medicare, what it covers, and what it lacks in coverage. Maggie touches on the Public Option and Medicare. I start to get edgy when people talk about the Public Option, Universal Coverage, Single Payor, Medicare-For-All, etc. as they do […]

Consumer Reports: Obamacare reduced bankruptcy rate

A new article at consumerreports.org suggests that the Patient Protection and Affordable Care Act* (PPACA) played a substantial role in the decline of annual personal bankruptcies that we have seen since the high of 1.5 million in 2010. As I showed several years ago, international bankruptcy data support the oft-heard claim that medical bills make […]

Strong growth in labor force participation is correlated with weak real wage growth

by New Deal democrat Strong growth in labor force participation is correlated with weak realwage growth Prof. Jared Bernstein has a piece in the Washington Post today (and at his blog) noting that, even with much improved unemployment and underemployment rates, wage growth is still subpar. One item I wanted to add to the conversation […]

Declinable medical conditions

Lifted from Alternet: Which ailments are on the list of preexisting conditions that can drive up prices for coverage? The Kaiser Family Foundation catalogs “so-called declinable medical conditions” before the ACA. AIDS/HIV Alcohol or drug abuse with recent treatment Alzheimer’s/dementia Anorexia Arthritis Bulimia Cancer Cerebral palsy Congestive heart failure Coronary artery/heart disease, bypass surgery Crohn’s […]

Immiseration Revisited: The four phases of working time

Is there a neo-classical theory of immiseration? Below is the marvelous Chapman hours of labor diagram (follow the link for a more detailed explanation). It looks complicated but it really only contains four curves representing, roughly, long-term and short-term productivity, income [correction: actually income minus the value of leisure foregone] and fatigue. But there is more to […]