Optimal Medicare Expansion

I have explained Optimal Medicare Expansion (OME) in several posts but haven’t provided a comprehensive summary of all its features vis-a-vis the other public health insurance proposals.  Each proposal I have seen has at least one major flaw compared to OME. What follows is a brief synopsis of its features with comparisons to the majorContinue reading “Optimal Medicare Expansion”

Medicare Prime

Our quest for an optimal health insurance system is starting to come into focus. It would have several features in common with Medicare For All (MFA), Obamacare, and The Public Option (TPO), but with a few critical differences. Like MFA, it would be financed entirely through taxation, not premiums. It would recognize a minimally-acceptable levelContinue reading “Medicare Prime”

Can Public and Private Health Insurance be Complimentary?

Two substitute goods each satisfy the same need while not enhancing the benefit of consuming the other. For example, Coca-Cola and Pepsi both satisfy the need for a cola-flavored soft drink. Most people either consume one or the other. Few people like to combine the two. And because they are substitutes, their suppliers are naturalContinue reading “Can Public and Private Health Insurance be Complimentary?”

How to Close the Coverage Gap

I’ve written several posts explaining the twin problems of health insurance: adverse selection and moral hazard.  Rather than solve these twin problems, the two main health insurance proposals, Medicare For All (MFA) and The Public Option (TPO), would exacerbate them. MFA would solve adverse selection by providing health insurance to everyone without premiums or out-of-pocketContinue reading “How to Close the Coverage Gap”