How do businesses make money in New York - and how much do they make? New York magazine explains profits and costs for a range of different types of business.
(Hat Tip: Mary)
Giuliani plans to debut a plan to significantly reform health insurance in the US. Good for him. I'm unsure whether he'll be able to sell a system where many people see fewer things covered than they do today, but providing a tax incentive to purchase insurance on the private market seems a valuable idea. Ending the preference for employer-provided health insurance and allowing consumers more choice can only be to the good.
Michael Barone has nice things to say about his reception on the Daily Show, and regarding Jon Stewart personally. Here's the interview.
Danny Glover of Beltway Blogroll writes on the Gartner Group's finding that government agencies will shy away from alternate worlds like 'Second Life.'
Friday, June 08, 2007
Roundup
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I am not sure where I really stand on the personal health insurance issue. Few can argue that the current HMO system is a success, which has left 40 million, including over 25 million children, without coverage and is the single largest factor in the exponential rise of health care costs (one example, medical practices now must hire multiple people to navigate HMO bureaucracies so that billing can go through). It is ironic because these were the two major things that the HMO system was supposed to fix. Hypothetically, allowing the consumer more choice will bring the costs down, but in reality I fear that it will develop more like energy distribution, establishing regional mini-monopolies that will be immune to market forces and the individual will no longer have the bargaining power that business enjoys, as it speaks for potentially thousands of individual coverage plans. If we start getting in federal tax incentives for personal plans, then the only organization to lobby on behalf of the individual is the government, and price structuring of private health care by governmental agencies has historically shown to be a bad idea.
I could take it a step farther and say you are in essence supporting socialized medicine (is the government paying someone to pay an insurance company that pays for care that much different from the government paying for care directly?) but I wont.
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