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The Price of Universal Coverage Just Went Up
Posted By Michael F. Cannon On July 24, 2009 @ 3:15 pm In Government and Politics,Health Care | Comments Disabled
Since at least February, President Obama and other elders of the Church of Universal Coverage [1] have labored to create the impression that universal coverage [2] is inevitable, because a sense of inevitability reduces its cost [3]. If interest groups think this train is leaving the station, they are less likely to stand in its way. Lobbyists are more likely to cut whatever deal they can if their clients believe, “It could have been much worse.” That’s why Obama has demanded haste: the longer the process, the harder it is to maintain a sense of inevitability.
Here’s a sampling of today’s health care headlines from the non-partisan Bulletin News [4], which summarizes news media coverage:
Now that reform seems less inevitable, interest groups will be less likely to settle for a bad deal. Instead, they will be more likely to demand higher payoffs than before, because their clients believe the expected cost of alienating Church elders has moved away from “getting punished” and toward “the status quo ante.”
So, good luck paying for this thing.
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URL to article: http://www.cato-at-liberty.org/the-price-of-universal-coverage-just-went-up/
URLs in this post:
[1] Church of Universal Coverage: http://www.cato-at-liberty.org/?s=church+of+universal+coverage
[2] universal coverage: http://www.cato-at-liberty.org/?s=anti+universal+coverage+club
[3] its cost: http://www.cato-at-liberty.org/2009/05/26/how-much-will-universal-coverage-cost/
[4] Bulletin News: http://www.bulletinnews.com/
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