Federal Reserve Chairman Ben Bernanke shared some thoughts on health care reform from “an economist’s perspective” today. He was short on proposals, but did suggest that we concentrate our attention on improving the cost-effectiveness of our health care system:
reform
Store Owner Demands Spanish-Speaking Customers Show Social Security Cards
By 3.13.08
David C. Richardson, the owner of Rhode Island Refrigeration in Providence, Rhode Island, overheard two customers speaking Spanish to each other, so he asked them to produce proof of citizenship. According to them, he then threatened to call Immigrations and Customs Enforcement (ICE) and make a citizen’s arrest, although Richardson denies he picked up the phone, but not that he made the threats. In fact, he says he’s done this “fifteen or twenty times” in the past and refuses to do business with those who won’t show their Social Security cards.
Senate CPSC Reform Compromise Leaves Everyone Bitter, Unsatisfied
By 2.21.08
Nobody likes the compromise reached by Senators to reform the Consumer Product Safety Commission. Industry thinks the revised plan goes too far, while consumer groups want more. For now, the compromise would allow the CPSC to operate without a quorum, inject needed cash into the Commission, and provide for several other nifty provisions.
"Overtreated" Says Too Much Healthcare Is Bad For Us
By 12.20.07
The general theme of the book “Overtreated,” the New York Times’ pick for best economics book of the year, is that we can cut a significant percentage of our health care costs—”between one fifth and one third,” says the author—and not have any impact on our level of health. As a nation, we tend to err on the side of too much treatment, exposing ourselves to unnecessary risks and racking up fees on procedures we could do without. And since doctors depend on a piecemeal approach to earning income, while at the same time dealing with significant financial risks from malpractice suits, they tend to push for more treatment, not less (they need to earn a living while also protecting themselves from accusations of doing too little).
Liveblogging the Senate Commerce Committee Hearing On CPSC Reform
By 10.4.07
Both CPSC Commissioners are expected to testify, along with a slate of interest groups like U.S. PIRG, Consumer Federation of America, Safe Kids Worldwide, the National Association of Manufacturers, and the oddly named Global Supply Chain Policy Retail Industry Leaders Association.
FDA Reverses Course, Decides Now Might Not Be The Time To Close Half Its Field Labs
By 8.18.07
Bowing to pressure from Congress, the FDA has decided not to close more than half of its field labs. The ill-timed plan to consolidate seven of the agency’s thirteen labs in the name of efficiency and modernization was already under review by a Presidential panel, and had raised the ire of the powerful Chairman of the House Energy and Commerce Committee, John Dingell, who recently introduced legislation to block the reorganization.
