Tyler Cowen writes:
Marginal Revolution: Mandatory health insurance: Glen Whitman reports:
- According to an Urban Institute study, uncompensated care for the uninsured accounts for only three percent of U.S. health care costs.
- 47 states require drivers to buy automobile insurance, yet the median percentage of uninsured drivers in these states is 12%.
- States should eliminate required benefits from insurance policies and allow the poor to buy policies for (relatively) cheap catastrophic care.
Here is the full piece, from Business Week; this is a topic deserving of more attention. I'm still wondering what -- de facto -- will be done against those poor people who are required to buy health insurance but don't do so.
As Matthew Yglesias writes:
Matthew Yglesias: Enforcement: Tyler Cowen says "I'm still wondering what -- de facto -- will be done against those poor people who are required to buy health insurance but don't do so." Tyler comes at this from the perspective of a bad right-winger, an opponent of universal health insurance, but I wonder, too. To me, this problem seems like a significant disadvantage of the current vogue for mandate-and-subsidize over a more traditional set-up wherein the government pays for all or some of people's health expenses and collects taxes from people in order to do so. We already have a mechanism in place for enforcing payment of taxes.