Congratulations to President Obama

If you are willing to be like Nixon going to China, you can accomplish much in the area of health care:

  • In Medicare, this means acknowledging we cannot continue with pay-as-you-go finance; we must instead move to a system where each generation pays its own way.
  • With health care reform generally, it means acknowledging everyone's incentives are perverse and committing to move rapidly toward a new system in which people reap the benefits of their good decisions and pay the costs of their bad ones.

Hail to the Chief(s)

Comments (3)

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  1. Bret says:

    Strangely, I think the first idea has a better chance than the second.

    Democrats seem genetically predisposed to believe that incentives don’t matter.

    But they definitely understand what it means to run out of money and be unable to fund government programs.

  2. Nancy says:

    Obama is really upsetting the left, Bret. A lot of them already think he has sold out. So who knows?

  3. Bruce says:

    Remember Paul Krugman beating up on Obama during the campaign because Obama dared to suggest that Social Security needs to be reformed? I don’t think the new president would take on the New York Times right out of the shoot if he were not really serious about reform.