BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program
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"Then, when people don't buy health insurance until they are sick, the price will be quite high "
What if someone develops a chronic condition, like diabetes, when they are a child? They will already be priced out of the insurance market before adulthood.
The rise of genetic testing makes the current model more untenable. People will get tested when they are young and buy insurance or not based upon the results.
Isn't some of this just selection effects and asymmetries?
A Google or Facebook startup that creates 3000 jobs offsets a lot of flameouts that destroy 5.
On the other hand, for every Best Buy that lays off 15% of it's workforce or KMart that goes bankrupt there probably are many fewer older companies to offset that by creating 5000 jobs.