The latest and the most comprehensive study of Health Savings Accounts confirms what previous studies have found: they work. In an NBER Working Paper, economists report the results from 13 million person years of data on employees and dependents at 54 large firms.
The primary reason for the growth of big government in the twentieth century was social insurance. The idea behind Social Security, for example, is insurance against the risk of growing old and not being able to support yourself after you can no longer work.
A striking feature of the insurance offered on the ObamaCare health insurance exchanges is the imposition of very high deductibles.
In order to do well in the world, young children – no matter how bright, no matter how capable – must learn essential skills. There are three places to learn them: at home, in school and on the job.
Not all taxation is theft. But one tax that comes about as close as possible to being theft is the estate tax. After all, dead people aren’t getting any more services from government.
The topic de jure for the chattering class these days is inequality. In fact, it’s hard to pick up a copy of The New York Times or the Washington Post these days without encountering at least one article on the topic.
Have you ever wondered how the Obamacare law was written? Close your eyes and imagine a smoke filled room full of overweight, white males, all puffing on …. Oops …. That was Tammany Hall.
Social Security is far more complicated than most people realize. In fact, it is so complicated that even PhD economists are losing tens of thousands of dollars because they don’t know how to maximize the benefits the system owes them.
In this Wall Street Journal editorial, John Goodman shows how ObamaCare is hurting the very people it was intended to help.